亏损上市公司盈余管理手段分析——基于第四季度报表数据

An Empirical Analysis on the Earnings Management Tools of China's Listed Companies with Loss in the Fourth Quarter

本文对中国A股亏损上市公司在第四季度"洗大澡"调低利润的行为进行了系统研究,发现那些在第四季度"洗大澡"的公司倾向于使用利润表中的主营业务收入、管理费用以及非经营性收益等项目来压低利润,在下一年第一季度再通过这些项目进行反向转回,从而实现扭亏为盈。因此,有关方面对上市公司第四季度财务数据的异常状况应该高度关注,提高对会计信息质量的鉴别能力。

In this paper,we examine the means of earnings management for those companies taking a big bath in the fourth quarter and find that revenue from main operating activities,administrative expense,and non-operating income are common choices of tools used to manage earnings.Accordingly,the auditors and investors should be careful about the earnings in the fourth quarter and improve the insight on the earnings quality of listed companies in the fourth quarter.