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须手工翻译。21日为止，论坛币不够说一声！

应计利润与真实活动盈余管理研究

－基于制造业微利上市公司经验证据

本文以沪深交易所上市的中国制造业A股微利上市公司为研究对象，通过对比分析微利公司和控制样本公司的应计利润(Discretionary Accruals)、异常经营现金流量(Abnormal Cash Flow from Operation)、异常可操控费用(Abnormal Discretionary Expense)、异常生产成本(Abnormal Production Cost)的差异；发现在盈余上调区间，微利公司的异常生产成本高于非微利公司的对应水平，微利公司的操作性应计利润低于非微利公司的对应水平；在盈余下调区间，微利公司的异常经营现金净流量、异常可操控费用、异常生产成本均高于非微利公司的对应水平；验证了在盈余上调区间微利公司利用生产操控、操作性应计利润来管理盈余；在盈余下调区间微利公司利用销售操控、费用操控、生产操控来实现盈余管理（Earnings Management）的目标。

Research on Discretionary Accruals and Earning Management of Real Activities

- Based on Empirical Evidence on Public Traded Companies in Manufacturing Sector Lacking Profits.

In this paper,  author focused on A-share listed companies on Shanghai and Shenzhen Exchange lacking profits, analytical comparisons were made by examining discretionary accruals, abnormal cash flow, abnormal descretional expense, and abnormal production cost and comparing against a control sample. (Data from a normal operating company is used as a control sample). Author finds those profit lacking companies tends to bear with higher abonormal production costs and discretionary accurals lower than the control sample. At the lower surplus range,  their abnormal cash flow amounts, abornomal discretional expenses, abnormal production costs of those profit-lacking companies are all higher than control sample. Author therefore concludes that those profit lacking companies commonly utilized sales and expense manipulation and production cost control to achieve their pre-determined earning objectives.

Discretionary Accruals and Real activities on Earnings Management

The Empirical study on Earnings managing of listed manufacturing companies with meager profits


目前想到一个标题，其他还没来得及。。。

谢谢2楼！！！

In this paper, the research object is the A share of china manufacturing company WEILI which listed in shanghai and Shenzhen stock exchange. Through contrast and analysis the differences of the discretionary accruals、abnormal cash flow form operation and abnormal production cost  between company WEILI and controlled sample company; find the earnings increasing range, the abnormal production costs of company WEILI are higher than the counterparts at the same level, the operational discretionary accruals of company WEILI are lower than the others at the corresponding level. In the down adjust range of the earnings, the abnormal cash flow from operation、abnormal discretionary、abnormal production cost of the company WEILI are all higher than the other companies. This verify that in the earnings increasing range the company WEILI uses production control and discretionary accruals to manage earnings. In the earnings decreasing range it uses sales control、cost control and production control to achieve the target of earnings management.

谢谢！，4楼、5楼请你设置一下金币我购买。

zhkim5858 发表于 2011-1-20 02:21
谢谢！，4楼、5楼请你设置一下金币我购买。

奖励只给4楼就可以了，因为我也不缺论坛币的。

微利，在这里翻译成meager profits比较好吧

thomashedge 发表于 2011-1-20 09:43
微利，在这里翻译成meager profits比较好吧

有道理，用meager profits, 相对原文更准确。 当然用 thin profit, 或者 small profit, 也可以。但是前者是否显得有点洋泾？  就像老外口头说一句 "Great" 用于赞同，赞叹的时候， 国人常翻译成 “伟大”， 其实翻译成 "很好”或”很强“ 更恰切。
若翻译成 ”micro profit"， “little profit" 也和原文比较接近，但是太洋泾了。翻译有时候也得从准确和词语习惯中折中。

谢谢各位！因本人学小语种，只会专业用语，翻译不好。感谢各位！！！需要翻译韩文通知我，会全力以赴！！！（微利 国内论文译成meager profits 或small profit 或 minimum profit 3种）