Empirical Analysis on Related Transaction Earnings Management of Listed Companies

摘要

In this paper,the author use Logistic regression model to analyses the masons and characteristics of related transaction earnings management of Chinese Hi-Tech listed companies.The result of study shows,the motive of Hi-Tech listed company raising funds again is strong,which is not issuing additional new stocks and rationed shares for three years in succession.The big shareholder and his affiliated party take up a large amount of fund of the listed company.It is serious that the listed company assures the phenomenon relatedly.The big shareholder and his affiliated party manage earnings not only by non-core business,but also by the core business.