借壳上市公司业绩承诺期间盈余管理行为研究——以美年健康为例

Research on Earnings Management Behavior of Backdoor Listed Companies during Performance Commitment Period--Take Meinian Health as an Example

在资本市场中,借壳逐渐成为公司选择上市的方式。本文聚焦借壳上市中的业绩承诺与盈余管理,以美年健康为例,研究公司业绩承诺期间盈余管理的具体措施和经济后果。研究发现:业绩承诺期间,美年健康利用合并财务报表、关联交易、少计提坏账准备等手段进行盈余管理。承诺期后,美年健康产生巨额负债、巨额商誉损害,业绩变脸,盈利能力下降。

In the capital market,backdoor lending has gradually become a way for companies to choose to go public.This article focuses on performance commitment and earnings management in backdoor listing,taking Meinian Health as an example to study the specific measures and economic consequences of earnings management during the period of company performance commitment.Research findings:During the performance commitment period,Meinian Health used consolidated financial statements,related party transactions,and less provision for bad debts to conduct earnings management.After the commitment period,Meinian Health incurred huge liabilities,huge goodwill damage,deteriorated performance,and decreased profitability.