盈余管理是经理人使股权激励收益最大化的重要工具之一。盈余管理是公司管理者通过选择和控制公司内部行为以增加自身或企业利益的行为。对于经理人股权激励来说,盈余管理是经理人为获取经营业绩超常收益的自利行为。同时,经理人股权激励是公司所有者与经理人之间的一种契约,公司所有者会制定一定的目标,当经理人完成目标时就会获得额外的利益,而这种目标的实现通常对股东和公司的 Earnings management is one of the most important tools for managers to maximize the benefits of equity incentive. Earnings management is the behavior of managers to increase their own or business interests by selecting and controlling the internal behavior of the company. For managers' equity incentive, earnings management is the self-interest behavior of the managers in order to obtain abnormal earnings from operating performance. At the same time, manager's equity incentive is a kind of contract between the owner and the manager of the company. The owner of the company will set a certain goal. When the manager completes the goal, he will obtain the extra benefit. And this goal is usually realized Shareholders and companies