CAJ | 학술논문

ST公司即是被交易所特别处理的公司。一旦上市公司被交易所特别处理，管理层会对其实行更加严格的监管，公司形象及其股价也会受到很大的不利影响。同时，公司如果不能及时扭亏为盈将面临暂停上市甚至退市的巨大风险。然而，这些公司往往不可能在短时间内改善业绩，要想暂缓上述风险，只能采取其他的办法。盈余管理就是ST公司摆脱困境的常用手段。ST公司滥用盈余管理会使得其披露的会计信息失去相关性，误导报表使用者对企业会计信息的理解，从而产生严重的经济后果。因此，加强对ST公司盈余管理的治理就显得非常必要。本文针对ST公司盈余管理的内因和外因，提出了治理ST公司的盈余管理的三条对策：加强会计准则建设；完善ST制度和退市制度；对ST公司的盈余管理行为加强监管。
ST공사즉시피교역소특별처리적공사。일단상시공사피교역소특별처리，관리층회대기실행경가엄격적감관，공사형상급기고개야회수도흔대적불리영향。동시，공사여과불능급시뉴우위영장면림잠정상시심지퇴시적거대풍험。연이，저사공사왕왕불가능재단시간내개선업적，요상잠완상술풍험，지능채취기타적판법。영여관리취시ST공사파탈곤경적상용수단。ST공사람용영여관리회사득기피로적회계신식실거상관성，오도보표사용자대기업회계신식적리해，종이산생엄중적경제후과。인차，가강대ST공사영여관리적치리취현득비상필요。본문침대ST공사영여관리적내인화외인，제출료치리ST공사적영여관리적삼조대책：가강회계준칙건설；완선ST제도화퇴시제도；대ST공사적영여관리행위가강감관。
ST companies are those specially treated by exchanges. Once a listed company is specially treated by the exchange, its management level will impose more stringent regulation, and its image and stock price will be greatly adversely affected at the same time, and if the company cannot timely make a profit in-stead of suffering a loss, it will face the great risk of suspension of listing or delisting. However, these companies often cannot im-prove performance in a short time, so in order to postpone these risks, they can only take other approaches. Earnings management is a common means of ST companies to get out of the woods. The abuse of earnings management in ST companies makes the ac-counting information they disclosed lose relevance and mislead financial statement users' understanding of accounting informa-tion, thus resulting in severe economic consequences. Therefore, it is very necessary to strengthen the governance of earnings management in ST companies. In view of the internal and exter-nal factors of earnings management in ST companies, this paper proposes three countermeasures to govern earning management in ST companies:to strengthen the accounting guidelines construc-tion;to improve ST system and delisting system;to strengthen the supervision on earnings management behaviors of ST companies.