上市公司非经常性损益扭亏盈余管理案例研究

Management of Earnings Turned from Losses through Non-recurring Profit and Loss:A Case Study of A Listed Company

文章从上市公司、监管者、投资者、分析师、审计机构等多个角度,对某上市公司使用非经常性损益进行扭亏盈余管理的典型案例进行研究。研究发现,案例公司使用非经常性损益进行扭亏盈余管理,监管者对其的行政处罚存在时滞,投资者经历了先过度反应、后又理性回调的过程,分析师能够区分非经常性损益在每股收益中的作用,审计机构在审计过程中未能勤勉尽责。

This paper studies a typical case of management of eamings turned from losses by a certain listed company through adopting non-recurring profit and loss from such perspectives as listed company, supervisor, investor, analyst, and auditor. The results indicate that when the company in the case makes use of non-recurring profit and loss to manage earnings turned from losses, the supervisor has a time lag in the administrative penalty, the investors experience an over-reaction before a rational callback, the analyst can distinguish the function of non-recurring profit and loss in the earnings per share, while the auditing institution fails to carry out its duty diligently during the course of auditing.