关键词: 股东特质 , 控制权转移 , 盈余管理

Abstract: This paper discussed the earnings management problem of control right transfer in the perspective of shareholder's trait.This paper divided listed companies into the stateowned and the privateowned enterprises according to control right.Research results showed that when the largest shareholder transferred from stateowned enterprises into private-owned enterprises, the largest shareholderhad the motivation of earnings management.In other words, there existed possibility of loss of state assets during the privatization of state owned assets.When the transfer of the largest shareholder occurred between privateowned enterprises, there was significant difference of earnings management before and after.As private-owned enterprises were “rational economic man”, there also existed the problem of earnings management of achievements.When the largest shareholder transferred between state-owned enterprises, either paid or free transfers, there was no motivation for earnings management.

Key words: shareholder's trait , control right transfer , earnings management