资本结构与会计稳健性——以2002—2013年中国反倾销涉案企业为例

Capital structure and accounting conservatism: China' enterprises involved in anti-dumping cases in 2002—2013

以2002—2013年我国遭遇反倾销指控的82家上市公司为研究样本,实证检验了反倾销涉案上市公司资本结构属性对其会计稳健性的影响。结果表明:债务资本比率与股本资本比率能显著提高会计稳健性水平,而留存收益资本比率会弱化会计稳健性;涉案企业的会计稳健性水平对反倾销指控的反应敏感,遭遇反倾销指控后资本结构属性对会计稳健性的影响更加显著。这一研究结论对反倾销涉案企业优化资本结构、提高反倾销会计信息证据效力及构建反倾销会计战略具有重要启示意义。

By taking China＇s 82 listed companies which encountered anti-dumping charges in 2002--2013 as research samples, the essay empirically tests the effect of the capital structure property of anti-dumping involved enterprises on the accounting conservatism. The results show that debt to equity ratio and equity capital ratio can significantly improve the level of accounting conservatism, that the retained earnings ratio will weaken the accounting conservatism., that the involved companies＇ accounting conservatism levels are sensitive to the anti-dumping charges, and that capital stmctuxe properties have more significant effect on accounting conservatism after companies encountered anti-dumping charges. Such conclusions are of important significance for anti-dumping involved enterprises to optimize capital structure, to improve the evidence effectiveness of anti-dumping accounting information, and to build anti-dumping accounting strate~~_