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我国的证券市场起步较晚,发展并不太成熟,无法和发达国家的证券市场相媲美,存在一些漏洞。首次公开募股的公司利用与证券监管部门之间的信息不对称和契约不完备的等漏洞,通过盈余管理这个手段来达到降低成本增加利润的目的,使财务报表粉饰的更好看。IPO公司的素质对于整个资本市场的运行与发展具有十分重要的作用。本文大致说明了如何通过对上市公司IPO过程中的盈余管理进行研究分析,目的是为了在监管过程中提供实证和理论支持。
China’s stock market started relatively late, and its development is not mature enough to rival the securities markets of developed countries. There are still some loopholes in it. Initial public offering companies use the securities regulatory authorities and asymmetric information between the contract and other loopholes, through the management of earnings to achieve the purpose of reducing costs and increase profits, so that the financial statements more beautiful whitewash. The quality of IPO companies plays a very important role in the operation and development of the entire capital market. This article shows roughly how to conduct a research on earnings management during the IPO process of listed companies, with the purpose of providing empirical and theoretical support in the regulatory process.