中國民營上市公司債務融資與會計穩(wěn)健性的關系研究.pdf

1、分類號:UDC:密級:學號:405409409076南昌大學碩士研究生學位論文中國民營上市公司債務融資與會計穩(wěn)健性的關系研多StudyontheRelationshiPbetweenDebtFinaneingandAeeountinlConservatismofChinesePrivateListedComPanies邱媛媛培養(yǎng)單位(院、系):經(jīng)濟與管理學院指導教師姓名、職稱:余朝暉副教授中請學位的學科門類:管理類學科專業(yè)名稱:會計學論

2、文答辯日期:2012年12月3日答辯委員會主席:一一評閱人:__，__一_r2011年12月AbstraCtABSTRACTDebtfinaneingandaecountingeonservatismhavebeenhotstudyPointsinthetheoryfield.UndertheChinesesPeeificsystembaekground，thedimeultyfthePrivatelistedeomPaniestofi

3、nancebecomesaquiteeommonPhenomenon.Intheindireetfinancing，theunhealthyofthefinaneialinstitutionsystemwillleadtofinaneingdiffieultyofPrivateeomPaniesinthedireetfinaneing，thetoohighthresholdofChineseeaPitalmarketandthehars

4、heonditionofbondmarketfinaneingmakeitmoredifficulttofinance.Fromthesoureeofeapital一thePersPeetiveofereditors，thecreditors，ftheirowninterest，aremorelikelytoinvestina“relationshiP，，oftheeomPany，andrarelymakeaninvestmentdec

5、isionbasedoneomPan玉廠，5finaneialPositionandoPeratingresultsoftheaeeountinginformation.InthisPaper，thefinaneialerisis15usedasthestartingPointandthePapertriestofindsomeoftherelationshiPbetweendebtfinaneingofChinesePrivateli

6、stedcomPaniesandtheeonservatismofaceounting.1believethattheaeeountinginformationofChinesePrivatelistedeomPaniesshouldbemorerobustafterthefinaneialcrisis.Beeauseofinflueneeofthefinancialcrisis.thebenefit一eorrelationsinaeo

7、mPanyareindemandoftheeonservatismoftheaeeountinginfmation.Meanwllile，fromtheeconomieconsequeneesoftheeonservatism，robustaecountinginlbrmationeanhelPPrivateente印risestogetmorefundstosolvetheirfinaneingProblem.Basedonthisi

8、dea，thisPaperselectedtheShanghaiandShenzhenStoekExehange一listedAsharesofPrivateeomPaniesassamPlesfrom2004to2006andfrom2009to2010inChina，andtheBasu(1997)modelisusedanddeveloPed.Theeonservatismofaceountingchangesandeharaet

9、eristies15examinedfromthefollowingthreeasPeets:(l)whethertheChinesePrivatelistedeomPaniesexistaecountingrobustingeneralbefethecrisisandinPost一erisisera(2)Howthedebtfinaneingwillaffeettheaeeountingeonservatism(3)Theyear20

10、07and2008aretheoutbreakPeriodandthesPreadPeriodoftheworldfinancialerisis.Takeitasawatershed，befeandafterthetwoyears一whetherthePrivatelistedeomPanies.accountingfiguresalsoshowadifferentofeonservatismThisstudyshowedthat:(1

11、)intwodifferentPeriods.theaceountingeonservatismgenerallyexists.(2)theexisteneeofdebtwillaffeettheeonservatismoftheaccounting，thehighertheeomPanies’overalldebtlevel、themorerobustitsaeeountingPolicies:Inaddition.theeomPan