The Identity of the Controlling Shareholder and Listed Companies' Earnings Management——Based on Citic Guoan Wine CO., LTD Cases

HUANG Qiongyu, WANG Qiuyue, LIN Jing

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Journal of Guangzhou University (Social Science Edition) ›› 2018, Vol. 17 ›› Issue (11) : 33-41.

The Identity of the Controlling Shareholder and Listed Companies' Earnings Management——Based on Citic Guoan Wine CO., LTD Cases

  • HUANG Qiongyu, WANG Qiuyue, LIN Jing
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Abstract

With the continuous development of the capital market, the problem of listed companies' earnings management become increasingly prominent, so more and more companies take a variety of earnings management tools to adjust the profits. From the perspective of the controlling shareholders, and by taking the case of Citic Guoan Wine Co., Ltd as the specific analysis object, this paper analyzes the earnings management over the years. The result finds that the controlling shareholder does have a significant impact on the listed company earnings management. The controlling shareholder can exploits its background and relationships to provide support for the listed company, helping the company survive crises. China now has a large number of state-controlled shareholding companies. The identity and special state-controlled background of the controlling shareholder may help public companies get more assistance in profit manipulations when facing losses or being about to be delisted, and the purpose of the supports includes keeping the listing qualification and maintaining the regional economic and social stability. This conclusion may help most of the investors of China know more about the earnings management of China's listed companies.

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listed companies' earnings management / identity of the controlling shareholders / support

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HUANG Qiongyu, WANG Qiuyue, LIN Jing. The Identity of the Controlling Shareholder and Listed Companies' Earnings Management——Based on Citic Guoan Wine CO., LTD Cases. Journal of Guangzhou University (Social Science Edition). 2018, 17(11): 33-41

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