Enterprise Financing Factors Research Under The Accounting Conservatism

Accounting robustness are required as an indispensable factor when formulating accounting standards in many countries,At the same time,the state council released “The opinion about speed up the development of energy saving and environmental protection industry” pointed out that our country should vigorously support the development of energy conservation and environmental protection industry at the same time.it also shows that the position of accounting conservatism in China has been improved.And promulgated by the state council "about the opinions of the" speed up the development of energy saving and environmental protection industry in our country should vigorously support the development of the energy conservation and environmental protection industry at the same time,make its gradually become a new pillar industry in our country.Low carbon economy refers to reduce the high carbon energy consumption model of economic development,it mainly depends on our country that has long insisted on the concept of sustainable development as the guiding ideology,mainly through a variety of ways(new energy development,technology innovation,system innovation,etc.)to achieve the reduce use amount of energy consumption of raw materials,such as coal and oil,so can reduce the greenhouse gas content in the air,protect the environment from the source,promote the healthy development of economy at the same time,achieve the ecological environment protection and the synchronous development of social economic development pattern.But low carbon economy enterprise in the process of development,itself also face many problems and difficulties in the early stage of development,such as raising funds difficult,unreasonable development of enterprise itself is faced with problems,as well as the imperfect market conditions.The most important problem is the shortage of funds,because the development of an enterprise capital chain smoothly or not and the enterprise itself has the inseparable relations,so in this paper,we study the environmental protection industry is based on low carbon economy concept of enterprise,from the accounting conservatism as a breakthrough point,To discuss in the Low carbon economy stocks that the influence of accounting robustness for its financing.Survey found that most countries accounting standards are include the requirements of accounting conservatism,because it can ease the enterprise financing constraint and reduce the cost of enterprise financing.And accounting conservatism emphasizes the confirmation "bad news" timelier than "good news".There is asymmetric in handling of gains and losses.And accounting conservatism requirements enterprise accounting in confirmed gainsmore strict evidence than confirmed losses,This will lead to enterprise is easy to underestimate the existing assets and income,but the enterprise outside investors when choosing investments,often rely on the information issued by the enterprises financial statements and business performance,investors see financial report has heavily bad news or good operating performance is expected will give up the investment,so that will make the enterprise financing small and financing costs are high.This paper based on low carbon economy industry,to discuss whether accounting conservatism in a low carbon economy industry exists,and accounting conservatism is the main factors influencing the low carbon economy industry financing,etc.