本文關(guān)鍵詞：房地產(chǎn)上市公司盈余管理影響因素的識(shí)別與分析　出處：《東北財(cái)經(jīng)大學(xué)》2013年碩士論文　論文類型：學(xué)位論文

  更多相關(guān)文章： 盈余管理 房地產(chǎn)上市公司 預(yù)收賬款 資產(chǎn)減值準(zhǔn)備 財(cái)務(wù)費(fèi)用

【摘要】：盈余管理是上市公司常用的粉飾財(cái)務(wù)報(bào)表的手段之一,它是機(jī)會(huì)主義的一種應(yīng)用,且?guī)?lái)的危害和影響是巨大的。盈余管理在實(shí)務(wù)中的濫用不僅影響財(cái)務(wù)報(bào)表的質(zhì)量還會(huì)擾亂市場(chǎng)秩序,并且影響上市公司的價(jià)值最終不利于投資者對(duì)投資目標(biāo)股票價(jià)值的判斷。 房地產(chǎn)行業(yè)的發(fā)展關(guān)系到國(guó)計(jì)民生,首先,在十八大會(huì)議上我黨對(duì)于房地產(chǎn)行業(yè)的方針和政策有所變革主要體現(xiàn)在以下兩點(diǎn)：第一,市場(chǎng)供應(yīng)以實(shí)現(xiàn)最終消費(fèi)為主體,轉(zhuǎn)向消費(fèi)主導(dǎo)型；第二,市場(chǎng)交易呈現(xiàn)增量與存量交易并重,轉(zhuǎn)向交易聯(lián)動(dòng)型；其次,它的銷售、收款制度及其會(huì)計(jì)核算制度有著鮮明的行業(yè)特點(diǎn),預(yù)收款項(xiàng)在其業(yè)務(wù)中占了很大的比例,這樣的特點(diǎn)既促進(jìn)了房地產(chǎn)行業(yè)的銷售又提供了較大的盈余管理空間。第三,近年實(shí)施的新會(huì)計(jì)準(zhǔn)則在防止房地產(chǎn)上市公司進(jìn)行盈余管理方面有很大的提升,但由于會(huì)計(jì)準(zhǔn)則只是一種規(guī)范,還是無(wú)法從根本上消除盈余管理手段的應(yīng)用。 本文的研究表明：房地產(chǎn)行業(yè)的盈余管理動(dòng)機(jī)明顯且其利潤(rùn)豐厚,經(jīng)常利用盈余管理的手段實(shí)現(xiàn)資本、債務(wù)、節(jié)稅等目標(biāo)。根據(jù)多年的研究數(shù)據(jù)表明：房地產(chǎn)企業(yè)由于其建造固定資產(chǎn)的期限長(zhǎng)和特殊的銷售制度使其可以利用預(yù)收賬款和財(cái)務(wù)費(fèi)用進(jìn)行盈余管理。因此,本文通過(guò)識(shí)別對(duì)房地產(chǎn)上市公司盈余管理影響因素,并且對(duì)這些因素進(jìn)行有效控制來(lái)抑制房地產(chǎn)上市公司的盈余管理行為,從而保證了房地產(chǎn)市場(chǎng)的健康發(fā)展并保護(hù)了投資者應(yīng)享有的利益。 本文主要通過(guò)五部分來(lái)論證識(shí)別和分析房地產(chǎn)上市公司盈余管理影響因素的情況： 第一部分：緒論。該部分主要包括本文選題背景,識(shí)別和分析房地產(chǎn)上市公司盈余管理影響因素的意義,國(guó)內(nèi)外參考文獻(xiàn)綜述,本文的基本研究框架,以及本文的創(chuàng)新點(diǎn)和不足之處。 第二部分：盈余管理的基本理論。主要對(duì)盈余管理的概念、特征,盈余管理的影響因素及其盈余管理的度量方法進(jìn)行概述以及房地產(chǎn)行業(yè)常用的幾種盈余管理方式進(jìn)行說(shuō)明。 第三部分：房地產(chǎn)行業(yè)盈余管理影響因素識(shí)別及其影響因素的因子分析。結(jié)合現(xiàn)行會(huì)計(jì)準(zhǔn)則下對(duì)房地產(chǎn)行業(yè)會(huì)計(jì)核算的要求以及其獨(dú)特的預(yù)售制度提出了識(shí)別房地產(chǎn)上市公司盈余管理影響因素的因子分析的研究設(shè)計(jì),并對(duì)提出的八個(gè)影響房地產(chǎn)行業(yè)盈余管理的因素進(jìn)行因子分析,最后提取三個(gè)主要的可操控性變量,并提出相關(guān)假設(shè)。 第四部分：實(shí)證檢驗(yàn)及分析。闡述樣本選擇及模型與變量的設(shè)計(jì)并對(duì)房地產(chǎn)上市公司盈余管理影響因素進(jìn)行實(shí)證分析與檢驗(yàn)。最后通過(guò)實(shí)證檢驗(yàn)驗(yàn)證假設(shè)。 第五部分為：結(jié)論和建議。第五部分在前一部分研究的基礎(chǔ)上,得出結(jié)論,并提出合理性的建議。 本文通過(guò)實(shí)證研究得出的主要結(jié)論如下： 我國(guó)房地產(chǎn)行業(yè)主要利用特殊的收款制度——預(yù)售制度,來(lái)進(jìn)行盈余管理。 資產(chǎn)減值損失的相對(duì)變化額與盈余管理程度顯著正相關(guān),預(yù)計(jì)資產(chǎn)減值損失屬于會(huì)計(jì)估計(jì),具有一定程度的主觀性,由于房地產(chǎn)上市公司擁有較大比例的固定資產(chǎn)和存貨,通常會(huì)利用資產(chǎn)減值損失進(jìn)行盈余管理。 財(cái)務(wù)費(fèi)用的相對(duì)變化額與盈余管理程度正相關(guān),現(xiàn)行準(zhǔn)則擴(kuò)大了借款費(fèi)用資本化的范圍,將一般借款也包括在內(nèi),房地產(chǎn)上市公司項(xiàng)目建設(shè)期長(zhǎng),所以借款費(fèi)用金額較大,借款費(fèi)用資本化也成為了房地產(chǎn)上市公司進(jìn)行盈余管理的手段。 本文的創(chuàng)新之處在于：首先,現(xiàn)階段有關(guān)企業(yè)的盈余管理的研究都是建立在所有全行業(yè)樣本和虧損企業(yè)樣本上,而本文將從房地產(chǎn)上市公司財(cái)務(wù)報(bào)表中提取數(shù)據(jù),對(duì)影響房地產(chǎn)上市公司的盈余管理的因素進(jìn)行實(shí)證研究分析；其次,本文結(jié)合房地產(chǎn)企業(yè)的結(jié)算特點(diǎn)采用修正的瓊斯模型,將預(yù)收賬款加入了模型中；最后,針對(duì)這些因素提出相應(yīng)的抑制措施。 文本的不足之處是由于數(shù)據(jù)收集的限制只研究了2010-2012年房地產(chǎn)上市公司的盈余管理情況。希望以后的研究能對(duì)本文研究的數(shù)據(jù)進(jìn)行補(bǔ)充以豐富研究成果。
[Abstract]:Earnings management of listed companies is one of the commonly used means to whitewash financial statements, it is an application of opportunism, and bring harm and influence is huge. The abuse of earnings management in practice not only affects the quality of financial statements will disrupt the market order, and ultimately affect the value of listed companies is not conducive to investors to judge the investment objectives the value of the stock.
The real estate industry development related to the first, eighteen beneficial to the people's livelihood, in the meeting of our party for the real estate industry policy and the policy change is mainly reflected in the following two points: first, the market supply in order to achieve the final consumption as the main body, to a consumption led; second, market transactions are both incremental and stock transaction to transaction linkage type; secondly, its sales, payment system and the accounting system has distinctive characteristics of the industry, advance payments accounted for a large proportion of its business, such features not only promote the real estate industry sales and provide more space for earnings management. Third, the implementation of the new accounting standards in preventing the real estate listed companies earnings management has greatly improved, but because of accounting standards is a kind of standard, or can not eliminate the application means of earnings management fundamentally.
This study shows that the real estate industry earnings management motivation is obvious and the lucrative, often use the means of earnings management of capital, debt, tax and other targets. According to the research data for many years indicated that the real estate enterprises because of its long term construction of fixed assets and special sales system so that it can be used to manage earnings pre accounts receivable and financial costs. Therefore, the factors of earnings management of listed companies affect the recognition of the real estate, the earnings management behavior of these factors and effective control to suppress the real estate listed companies, so as to ensure the healthy development of the real estate market and protect investors should enjoy interests.
This article mainly through five parts to demonstrate the identification and analysis of the factors affecting the earnings management of the listed real estate companies.
The first part is the introduction. This part mainly includes the background of choosing this topic, identifying and analyzing the significance of earnings management of real estate listed companies, summarizing the references at home and abroad, the basic research framework of this article, and the innovation and shortcomings of this paper.
The second part: the basic theory of earnings management. It mainly introduces the concept and characteristics of earnings management, the influencing factors of earnings management and the measurement methods of earnings management, and explains several commonly used earnings management methods in real estate industry.
The third part: the analysis of factors and influencing factors of earnings management affect the real estate industry. The real estate industry accounting combined with the current accounting standards and its unique pre-sale system puts forward the research design and analysis of factors influencing factor of earnings management to identify the real estate listed companies, and to put forward the eight factors of earnings the management of the real estate industry by factor analysis, finally extracted three main control variables, and puts forward the hypothesis.
The fourth part: Empirical Test and analysis. The sample selection and the design of models and variables are elaborated, and the influencing factors of earnings management in real estate listed companies are analyzed and tested. Finally, the hypotheses are verified through empirical tests.
The fifth part is: conclusions and suggestions. On the basis of the previous part, the fifth part draws conclusions and puts forward reasonable suggestions.
The main conclusions of this paper are as follows:
The real estate industry in China mainly uses a special collection system, the pre sale system, to carry out the earnings management.
Is positively related to asset impairment loss relative change amount and degree of earnings management, asset impairment loss is expected to accounting estimates, with a certain degree of subjectivity, because the real estate listed companies have a larger proportion of fixed assets and inventories, usually lost earnings management using assets impairment loss.
Is the relative change of amount of financial costs associated with the degree of earnings management, the existing criteria to expand the scope of the capitalization of borrowing costs, the general borrowing is also included, projects of real estate listed companies, so the cost of borrowing amount is larger, the capitalization of borrowing costs has also become a means of earnings management of listed real estate companies.
The innovation of this paper lies in: firstly, the research on earnings management of enterprises at present are established in all industries and enterprises sample sample, the paper from the listed real estate company in the financial statements data, analyze the influence factors of real estate listed companies earnings management; secondly, based on the settlement characteristics of the real estate business by using the modified Jones model, will join AR model; finally, according to these factors put forward the corresponding suppression measures.
The deficiency of the text is due to the limitation of data collection. We only studied the earnings management of real estate listed companies for 2010-2012 years. We hope that future research can supplement the data of this study to enrich the research results.

【學(xué)位授予單位】：東北財(cái)經(jīng)大學(xué)
【學(xué)位級(jí)別】：碩士
【學(xué)位授予年份】：2013
【分類號(hào)】：F275;F299.233.4

【參考文獻(xiàn)】

相關(guān)期刊論文 前10條

1 王艷;陳小輝;;投資性房地產(chǎn)準(zhǔn)則對(duì)上市公司業(yè)績(jī)的影響[J];北方經(jīng)濟(jì);2007年22期

2 劉文歡;;投資性房地產(chǎn)公允價(jià)值計(jì)量模式分析[J];財(cái)會(huì)通訊(學(xué)術(shù)版);2007年11期

3 宋希亮;劉曉紅;;企業(yè)盈余管理的重新審視——基于新企業(yè)會(huì)計(jì)準(zhǔn)則的分析[J];財(cái)會(huì)通訊(學(xué)術(shù)版);2008年09期

4 鄢志娟;;基于新會(huì)計(jì)準(zhǔn)則的上市公司盈余管理分析[J];財(cái)會(huì)通訊(學(xué)術(shù)版);2008年12期

5 張雁翎;劉昊;;中國(guó)房地產(chǎn)行業(yè)盈余管理模型的構(gòu)建及實(shí)證分析[J];財(cái)貿(mào)經(jīng)濟(jì);2007年04期

6 劉平;張紅;;我國(guó)房地產(chǎn)上市公司盈利能力及其影響因素[J];中國(guó)房地產(chǎn);2006年03期

7 章衛(wèi)東;;定向增發(fā)新股與盈余管理——來(lái)自中國(guó)證券市場(chǎng)的經(jīng)驗(yàn)證據(jù)[J];管理世界;2010年01期

8 李增福;董志強(qiáng);連玉君;;應(yīng)計(jì)項(xiàng)目盈余管理還是真實(shí)活動(dòng)盈余管理?——基于我國(guó)2007年所得稅改革的研究[J];管理世界;2011年01期

9 史潔;;試論實(shí)質(zhì)重于形式原則的重要性[J];北方經(jīng)濟(jì);2009年14期

10 付有花;;新《企業(yè)會(huì)計(jì)制度》下若干問(wèn)題的思考[J];工業(yè)會(huì)計(jì);2003年04期

，

本文編號(hào)：1415755