创业板上市公司治理结构与ipo盈余管理关系研究工商管理专业论文.docxVIP

广东工业大学硕士学位论文Abstract 广东工业大学硕士学位论文 Abstract As an important part of accounting information，the eamings management problem has become the hot topic and has attracted much attention of academics and regulators in recent years．In support of hi—tech products and services，the GEM market began formal operation on October 23，2009，providing financing platform for venture capital and innovation national strategy and building blocks for multi-level capital market system．As an effective complement to our main market，compared with the motherboard，small plates，GEM market’S structural features make a serious imbalance in corporate govemance authorities have strong incentives and sufficient conditions for earnings manipulation．In a sense，the degree of perfection of corporate governance structure determines the degree of generation of eamings management．Therefore，further study of the relationship between corporate governance struture of GEM listed companies and IPO earnings management is necessary． This paper takes the manufacturing industry of the GEM as the research object． Empirical studies showed that the internal governance structure variables，the proportion of the largest shareholder and IPO eamings management into a U-shaped relationship．That means a modest proportion of the largest shareholder can effectively inhibit the IPO earnings management behavior．The proportion of institutional investors holding and IPO Earnings Management inverted U-shaped relationship，indicating that the in廿oduction of institutional investors reduces the IPO earnings management behavior of the frequency of occurrence CEO duality,the number of board of directors，board of supervisors and Audit Committee failed to scale constraint IPO earnings management behavior．From external governance structure variables，the annual salary of directors，supervisors，management stake，the top ten accounting firms can effectively curb the occurrence of IPO eamings management behavior．Venture capital Can not constrain IP