Empirical Research on Debt Restructuring Gains in China’s Listed Companies
China’s Ministry of Finance issued New Accounting Standards of debt restructurings in 2006. According to the new standards, fair value was introduced again and debt restructuring gains were recognized as non-operating income. This paper uses empirical study to discuss the correlation between debt restructuring gains and financial indicators. This paper selects 2009 A-Share listed companies on Shanghai and Shenzhen Stock Exchanges as research sample, using descriptive statistics, linear regression analysis and paired samples T test analysis to identify the influencing factors of debt restructuring gains. Based on the research conclusions, the paper proposes corresponding suggestions to improve debt restructurings standards and perfect accounting supervisory system.
Key words: Debt restructurings; Accounting standards; China’s listed companies; Gains; Empirical research
Cao Chen (2010). Empirical Research on Changes of Debt Restructuring Principles and Impact on Listed Company. Xi’an: Northwest University, p. 23.
Dong Jingyuan (2006). Comparison Analysis Between the New and the Old Debt Restructuring Standards. The Chinese Certified Public Accountant, 8, pp.38-39.
Fan Li (2010). Changes of debt restructuring standards and impacts on enterprises. Modern Business, 2, 251-252.
Li Yanxi, Bao Shize, Gao Rui, and Kong Xianliang (2007). The Management Compensations, Supervision of the Board of Directors and Earnings Management of Listed Companies in China. Nankai Business Review, 6, 55-61.
Lu Jianqiao (1999). An Empirical Study on Earnings Management of Loss Listed Companies in China. Accounting Research, 9, 25-35.
Wang Yuetang (2000). Economic Motives Behind the Choices of Accounting Policies—An Empirical Analysis Based on Shanghai and Shenzhen Stock Markets. Accounting Research, 12, 32-40.
Xie Haiyang, Wan Yong (2006). Empirical study on debt restructurings and earnings management in listed companies on the Shenzhen Stock Exchanges of 2002. Theory and Reform, 5, 95-98.Yan Min, Wang Pingxin (2003). Empirical Study on Debt Restructurings Standard and Earnings Management in Listed Companies of 1999. The 2nd International Forum of Emprical Accounting in China. Chongqing: Chongqing University Press.
- There are currently no refbacks.
How to do online submission to another Journal?
If you have already registered in Journal A, then how can you submit another article to Journal B? It takes two steps to make it happen:
1. Register yourself in Journal B as an Author
Find the journal you want to submit to in CATEGORIES, click on “VIEW JOURNAL”, “Online Submissions”, “GO TO LOGIN” and “Edit My Profile”. Check “Author” on the “Edit Profile” page, then “Save”.
Go to “User Home”, and click on “Author” under the name of Journal B. You may start a New Submission by clicking on “CLICK HERE”.
We only use three mailboxes as follows to deal with issues about paper acceptance, payment and submission of electronic versions of our journals to databases: firstname.lastname@example.org; email@example.com; firstname.lastname@example.org
Copyright © Canadian Academy of Oriental and Occidental Culture
Address: 730, 77e AV, Laval, Quebec, H7V 4A8, Canada
Telephone: 1-514-558 6138