再修正琼斯模型构建

Construction of Re-modified Jones Model

Under the background of the corporate governance of separation between the ownership and the right of management, earnings management is a common phenomenon in Chinese capital market, however the estimation of earnings management’ degree is the premise of the research on earnings management. This paper summarized the measurement model of accrual earnings management that and considered that through replacement and restructuring of non operation assets, debt restructuring and asset gift can adjust the items below the line, which can affect the accrued profit of enterprise; Inventory impairment provision and reversal can also affect the corporate earnings, and then propose a new measurement model of earnings management. Through empirical analysis we found that each factor of the new model can pass the significant test, this new model can fully reflect the phenomenon of earnings management of enterprises, so a new method for the measurement of enterprises’ earnings management is proposed.