Research on the Stock Market Response to Earnings Management Behavior
Event study method was used in the article. It is thought that the changes of stock prices before and after the date on which the accounting report is published, comparing with the annual average stock price may reflect the information of market response to earnings management. Bivariate regression model was found and showed that the average stock price has not significant correlation with net profit and cash flow of operating activities before and after the date on which the accounting report is disclosed, it is influenced by various factors. Securities regulatory department should supervise and control effectively the disclosure of the information or data in accounting reports, so as to promote a healthy development of securities business.
Zhang Mingxia
Accounting School,Harbin University of Commerce,Harbin,P.R.China,150028
国际会议
The 7th International Conference on Innovation and Management(第七届创新与管理国际会议 ICIM 2010)
武汉
英文
1004-1009
2010-12-04（万方平台首次上网日期，不代表论文的发表时间）