我国上市公司收益质量分析的实证研究.doc

华北电力大学本科毕业设计（论文） PAGE II sdgsdgs成都分行东风浩荡合法规和法规和土壤突然图腾 我国上市公司收益质量分析的实证研究 摘要 自20世纪90年代初，上海证券交易所（1990年12月）与深圳证券交易所（1991年7月）相继成立，我国证券市场特别是股票市场在最近十几年间得到了巨大的发展，为社会主义市场经济体制的建立与完善发挥了重要作用。 但是目前中国证券市场与成熟证券市场（如美国、日本等）和新兴证券市场（如香港、韩国）等相比都处于初级阶段，具有其特殊性如上市公司普遍存在收益操纵行为等，这说明中国证券市场参与者的行为尚待规范，市场尚待进一步完善和发展。 本文正是依托我国目前尚不规范的证券市场开展实证研究。通过经营现金流量与会计收益的相关程度研究，运用分析考察了上市公司收益质量状况，通过对盈余操纵公司经营现金流量与会计收益之间关系的实证研究，希望发现鉴别上市公司盈余操纵的方法和预警指标。 关键字：收益质量；盈余管理；经营现金流；实证研究 Empirical Study on Quality of Accounting Income of Listed Companies in China Abstract Since the establishment of Shanghai and Shenzhen Stock Exchange in the early 1990’s China’s securities market has achieved tremendous development in the past ten-plus years. It also play an important part in the development of socialist market economy. At the same time, it possesses some particularities compared with her developed ones(like American and Japan) and the developing ones(like Hongkong and Korea), including the serious manipulation behavior of accounting income. The above shows that the behavior of participants needs to be stipulated and the market need to be consummated and developed because it is yet in the primary phase. My thesis, based on the present stock market, is an empirical research. It reviews the quality of accounting earning of listed companies, by analyzing the relation between the Net Earning in accounting and Cash flow Data from operating activities. Unveils the existence manipulating accounting earning through empirical methods. What discussed is to probe in to the approach of finding the manipulation behavior of accounting earning of listed companies from the point of view of cash flow. Key word: Quality of earnings; Earnings management; Cash flow from operating activities; Empirical study 目 录 摘要…………………………………………………………………………………………Ⅰ Abstract………………………………………………………………………………………Ⅱ 绪论………………………………………………………………………………………1 1.1 研究背景…………………………………………………………………………………1 1.2 研究意义…………………………………………………………………………………1 1.3 国内外研究现状…………………………………………………………