ST公司盈余管理的动因及存在的外部条件研究

A Study on Motivation and External Conditions of ST Earnings Management

当上市公司被特别处理后,不仅公司形象及其股价会受到很大的不利影响,而且还会因在规定的期限内不能改善经营状况而被暂停上市乃至被终止上市。因此,ST公司有着强烈的盈余管理动机。我国股票市场退市制度不合理是诱发ST公司盈余管理的主要原因,同时,会计准则的不完善以及外部监管不力也为其提供了必要的条件。

When listed company is particularly dealt with,its image and share prices will be exposed to bad influences and be asked to stop to be listed temporarily,even forever.So ST companies have strong motivation of earnings management.China＇s improper system for stock market to retreat is the main evoking cause of ST company earnings management,meanwhile,the imperfect of accounting standard and the lack of external supervision are also its necessary conditions.