【正文】 題目： 基于股權(quán)激勵(lì)的上市公司盈余管理問(wèn)題研究 姓名 /學(xué)號(hào) 馮寶玲 /08350339 專業(yè)班級(jí) 會(huì)計(jì)學(xué) 20xx2 指導(dǎo)教師 田中禾 /張華 完成日期 20xx 年 6月 5日 經(jīng) 濟(jì) 管 理 學(xué) 院 20xx 年 6 月 蘭州 I 基于股權(quán)激勵(lì)的上市公司盈余管理問(wèn)題研究 摘 要 基于委托代理理論，股東與管理層存在 利益 沖突，股權(quán)激勵(lì) 則 是 促使 股東與管理層利益趨于一致的有效激 勵(lì)機(jī)制 。但 在 股權(quán)激勵(lì)的實(shí)施過(guò)程中管理層為了自身利益最大化進(jìn)行 的 盈余管理將會(huì)大大降低股權(quán)激勵(lì)的 激勵(lì)效果 ?；谶@一背景， 本文 在總結(jié) 盈余管理與 股權(quán)激勵(lì)的 相關(guān)理論 、盈余管理 的 常見(jiàn)手段的 基礎(chǔ)上 ， 結(jié)合我國(guó)上市公司實(shí)施股權(quán)激勵(lì)的現(xiàn)狀，分析了其中 利用常見(jiàn)股權(quán)激勵(lì)形式實(shí)施盈余管理的空間 及相應(yīng) 經(jīng)濟(jì)后果 ， 提出規(guī)避盈余管理完善股權(quán)激勵(lì)方案的思路， 并且結(jié)合案例分析了青島海爾基于股權(quán)激勵(lì)方案實(shí)施盈余管理的空間， 最后從制度層面提出規(guī)避上市公司基于股權(quán)激勵(lì)的盈余管理行為的對(duì)策建議。 關(guān)鍵詞 上市公司 股權(quán)激勵(lì) 盈余管理 II Study on Earnings Management of Stock Option Incentive in Listed Companies ABSTRACT Based on the theory of principalagent, interest conflicts exist between the shareholders and management, and equity excitation is an effective incentive method to coordinate the interests of the shareholders and the management. But in the implementation process of the equity incentive, managers use earnings \management to maximize their own interests, which greatly reduce the effects of equity incentive. On the basis of the summary about the earnings management and equity incentive theory, this paper analysis the earnings management space and the corresponding economic consequences bined with the present situation of equity incentive of the China39。s listed panies, and proposed an idea of avoiding earnings management to improve the equity incentive plan. And on the basis of case analysis Qingdao Haier39。s earnings management space which in the implementation process of the equity incentive. Finally, we put forward some suggestions from the systematical perspective to avoid the earnings management which was based on equity incentive. KEYWORDS Listed panies, Equity incentives, Earnings management I 目 錄 1 緒論 ......................................................................................................................................... 1 選題的背景和研究意義 ............................................................................................... 1 選題的背景 ......................................................................................................... 1 研究意義 ............................................................................................................. 1 國(guó)內(nèi)外研究現(xiàn)狀及分析 ............................................................................................... 2 國(guó)外研究現(xiàn)狀及分析 ......................................................................................... 2 國(guó)內(nèi)研究現(xiàn)狀及分析 ......................................................................................... 4 論文結(jié)構(gòu)及主要研究?jī)?nèi)容 ........................................................................................... 6 2 盈余管理及股權(quán)激勵(lì)的相關(guān)理論 ......................................................................................... 7 盈余管理的相關(guān)理論 ................................................................................................... 7 盈余管理概述 ..................................................................................................... 7 盈余管理產(chǎn)生的客觀條件分析 ......................................................................... 8 盈余管理產(chǎn)生的動(dòng)機(jī)分析 ................................................................................. 9 盈余管理的常見(jiàn)手段 ................................................................................................. 10 股權(quán)激勵(lì)的相關(guān)理論 ................................................................................................. 11 股權(quán)激勵(lì)概述 ................................................................................................... 11 股權(quán)激勵(lì)的具體形式 ....................................................................................... 11 3 基于股權(quán)激勵(lì)的盈余管理相關(guān)問(wèn)題分析 ........................................................................... 12 我國(guó)上市公司實(shí)施股權(quán)激勵(lì)的現(xiàn)狀 ......................................................................... 12 利用常見(jiàn)股權(quán)激勵(lì)形式實(shí)施盈余管理的空間 ......................................................... 14 基于股權(quán)激勵(lì)實(shí)施盈余管理的經(jīng)濟(jì)后果 ................................................................. 15 規(guī)避盈余管理改進(jìn)股權(quán)激勵(lì)方案的思路 ................................................................. 16 基于股權(quán)激勵(lì)的盈余管理案例分析 —— 以青島海爾為例 ..................................... 17 青島海爾簡(jiǎn)介 ................................................................................................... 17 青島海爾實(shí)施股權(quán)激勵(lì)的情況 ....................................................................... 18 青島海爾基于股權(quán)激勵(lì)方案實(shí)施盈余管理的空間分析 ............................... 19 II 對(duì)青島海爾股權(quán)激勵(lì)方案的評(píng)價(jià) ................................................................... 20 4 規(guī)避上市公司基于股權(quán)激勵(lì)的盈余管理行為的對(duì)策建 議 ............................................... 21 完善公司治理結(jié)構(gòu) ..................................................................................................... 21 加強(qiáng)對(duì)會(huì)計(jì)人員的專業(yè)技能和職業(yè)道德的教育 ..................................................... 21 完善會(huì)計(jì)準(zhǔn)則和會(huì) 計(jì)制度 ......................................................................................... 22 加強(qiáng)外部審計(jì)監(jiān)督 ..................................................................................................... 22 進(jìn)一步完善上市公司股權(quán)激勵(lì)的法律法規(guī) ............................................................. 22 建立完善的經(jīng)理人 市場(chǎng) ............................................................................................. 23 完善管理層激勵(lì)制度 ................................................................................................. 23 結(jié) 論 ......................................................................................................................................... 24 參考文獻(xiàn) ..................................................................................................................................... 25 致 謝 ......................................................................................................................................... 27 附件 1 外文資料翻譯譯文 ......