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Empirical Analysis on Effects of Ownership Structure on Earnings Management in Chinese New-Material Listed Companies

On the basis of annual reports of new-material listed companies in Shanghai Stock Exchange and Shenzhen Stock Exchange,the paper selected 122 samples from them and used modified Jones model to analyze the relationship between ownership structure and earnings management. Empirical results show that it has a U-shaped relationship between the ownership concentration and earnings management,and it has no significant relation between the proportion of state-owned shares and earnings management,so as the proportion of corporate shares. What's more,circulating shares have the positive relation with earnings management. According to empirical results,this paper put forward some policies and suggestions to prevent the earnings management.