本科毕业论文(设计)外文翻译夕卜文题目Discussionof“RegulatoryIncentivesforEarningsManagementthroughAssetImpairmentReversalsinChina"夕卜文出处JournalofAccounting,AuditingFinance夕卜文作者________________EdwardJ・Riedl_____________原文：Discussionof^RegulatoryIncentivesforEarningsManagementthroughAssetImpairmentReversalsinChina”ShiminChen,YuetangWang,andZiyeZhao(2009)examinemotivationsformanagersofChinese-listedfirmstoreportassetimpairmentreversals.ThestudydocumentsthatthereportofsuchreversalsreflectsincentivestoavoiddelistingfromChinesestockexchangesandthosestrongermonitoringmechanismsattenuatethisopportunisticreporting.ThestudyexploitsauniquefeatureoffinancialreportingwithinChina,whichallowslargesampleinvestigationofimpairmentreversals.Idiscussthestudy^sstrengths,notesomelimitationsontheanalysesandinferences,andsuggestrecommendationsforfutureresearch.1.IntroductionShiminChen,YuetangWang,andZiyeZhao(hereafterCWZ)examinemotivationsformanagersofChinese-listedfirmstoreportassetimpairmentreversals.TheprimaryresultssuggestthatthereportingofsuchreversalsreflectsincentivestoavoiddelistingfromChinesestockexchange.Additionalanalysesrevealthatstrongermonitoringmechanismsattenuatethisopportunisticreporting.ThestudyexploitsauniquefeatureoffinancialreportingwithinChina,whichallowslargesampleinvestigationofimpairmentreversals.Below,Idiscussthemanuscript^strengths,notesomelimitationsontheanalysesandinferences,andsuggestrecommendationsforfutureresearch・2.Strengths2.1UniqueAccrualandSettingAbroadpriorliteratureexamines"specialitems,"typicallydefinedtoencompassnonrecurringortransitoryincomestatementreportingitems.Themostcommonexamplesincludeassetimpairments,restructuringcharges,andgainsorlossesonsalesofassets,withpapersfocusingontheeconomicdeterminantsandreportingincentivesformanagerstoreportspecialitems,aswellasthelatter^sassociationswithmarketmeasures(e.g.,Bartov[1993];ElliottandHanna[1996];Francis,Hanna,andVincent[1996];Burgstahler,激ambalvo,andShevlin[2002];Riedl[2004]).CWZaddstothisliteraturebyexamininganuncommonaccrual:thereversalofassetimpairments.Firms9abilitytoreportthistypeofaccrualisfairlyuniquetotheChinesesetting:SuchreversalsaregenerallyprohibitedunderUSGenerallyAcceptedAccountingPrinciples(GAAP);areallowedincertaincircumstancesbutinfrequentlyreportedundertherelevantinternationalaccountingstandards;andhavebeenallowedundercertaindomesticaccountingstandards(e.g.,revaluationswithinAustralia),thoughtypicallyreporteddirectlytoequity(andthuswithoutanyassociatedeffectonnetincome).Asaresult,priorresearchhasexaminedonlylimitedcircumstancesofreversalsofprioraccruals,focusingonreversalsofrestructuringcharges(Moehrle[2002])andassetrevaluations(e.g.,Easton,Eddey,andHarris[1993]).Furthermore,thefactthattheCWZstudyissetinChinareflectsthegeneralmanufacturingbase(andthushighlevelofreportedtangibleassets)ofthebroadeconomy,thusaffordingasubstantialnumberofobservationsandpowertoconducttheanalyses.2.2ClearlyDefinedRegulatoryIncentivesCWZexploitstheexplicitandwell-definedregulatoryincentivesthatlistedChinesefirmsfacetoavoidreportinglosses.Specifically,thestudyhighlightsthatfirmsreportingtwosuccessiveyearsofaccountinglossesreceiveaparticulardesignationonthetickersymbolthatdenotestheriskofdelisting;reportingthreesuccessiveyearsoflossesleadstodelisting・Whilepriorresearchprovidessomeevidenceconsiste...