盈余管理:动因及后果——兼与利润操纵的比较

Try To Analyse The Difference and Similar of Earnings Management and Profit Manipulating

盈余管理的动因有终极动因和中介动因,其根本目的是实现自身效用或公司市场价值最大化,其经济后果有弊也有利。而利润操纵完全是为了谋取私利,且不惜牺牲其他相关人的利益,故它是百害而无一利的。为促进资本市场的理性发展,应当完善相关的法律法规以对二者进行规避。

The managers of the enterprise try their bests to do earnings management and profit manipulating by all means for their private gains, which will harm the benefit of other correlative people. The intentions of earnings management include final intention and mediate intention, and its ultimate intention is to fulfill maximum of its own utility or the market value of company, so its economic consequence has two sides. While profit manipulating is entirely for private gains, and it sacrifices the benefit of other correlative people, so it is completely harmful. In order to accelerate the rational development of capital market, we should perfect correlative laws and rules to normalize and avoid two of them.