| Reasons for the formation of China’s capital market late, is still in a relatively immature stage,capital market regulatory rules for listed companies need to continue to improve,the listed company for a long time in order to avoid losses, resulting in continued loss or gain shares in the stock suspension refinancing eligibility earnings management to take the capital markets to meet regulatory requirements.Debt restructuring as an important corporate restructuring,is one of the important means to get rid of financial difficulties, access to healthy development of the environment, in2006the introduction of the current accounting standards on debt restructuring gains and losses will be included in profit or loss, whether corporate earnings will quality impact. Loss on debt restructuring of listed companies and corporate types, debt restructuring and debt restructuring behavior is also affected corporate earnings quality problems become subject to study content.This article first defines the concept of earnings quality, measurement and factors affecting earnings quality issues such as literature review, and then change to China’s accounting standards on debt restructuring were retrospectively analyzed the relationship between earnings quality and debt restructuring on the basis of the take. By2007-2012, China’s listed companies experience data loss,measured using the Jones model of debt restructuring company revised earnings quality,and variable as the dependent variable and the profit and loss on debt restructuring,corporate debt restructuring, such as regression analysis.The main conclusions are as follows:1. Loss on debt restructuring of corporate earnings decline in the quality, which is the measure of debt restructuring guidelines about allowing debt restructuring gains included in operating income, profit and loss summary, the objective of increasing the operational range of corporate earnings management, leading companies earnings quality.2. Different effects on corporate debt restructuring, earnings quality, select a non-related parties approach will lead to a decline exempt corporate earnings quality. Analysis was mainly due to gains they have acquired through profit or loss, the objective to increase the operability of earnings management, thereby reducing earnings management.For the conclusion of the article, I believe that part of the debt restructuring accounting standards on disclosure rules should be detailed provisions debt restructuring, amount and fair value based on such issues as the quality of the earnings impact of a larger restructuring to re-assess the reasonableness of accounting standard setters sex. Meanwhile, China’s capital market regulators should improve from the institutional, regulatory aspects in place both to reduce the fair value measurement of the space given to enterprises steer able, so as to achieve the purpose of regulating the market behavior. |
