借款费用、长期融资和盈余管理——来自房地产上市公司的经验证据

发布时间：2018-05-30 12:25

  本文选题：借款费用 + 长期融资　； 参考：《金融与经济》2017年05期

【摘要】：本文以房地产上市公司为切入点分析借款费用会计准则对企业融资和经营的影响。研究发现,第一,从企业融资活动看,由于新准则拓宽了可资本化借款费用和符合资本化条件资产的范围,因而其实施与房地产企业的长期融资增长显著正相关,但无法决定长期融资实际水平。第二,从企业盈余管理行为看,由于新规定在一般借款费用资本化金额决定方面给予企业选择空间,从而给企业提供了新的盈余管理途径;新准则实施前后房地产企业的应计项目盈余管理和真实项目盈余管理行为有明显不同。
[Abstract]:In this paper, the real estate listed companies as a starting point to analyze the impact of borrowing cost accounting standards on corporate financing and management. It is found that, first, from the perspective of enterprise financing activities, because the new guidelines widen the scope of capitalized borrowing costs and capitalized assets, its implementation is significantly positively related to the long-term financing growth of real estate enterprises. But it is impossible to determine the actual level of long-term financing. Second, from the perspective of enterprise earnings management behavior, the new regulation gives the enterprise a new way of earnings management because it gives the enterprise choice space in the capitalization of general borrowing costs. Before and after the implementation of the new standard, the real estate enterprises' behavior of accrual earnings management and real project earnings management is obviously different.
【作者单位】： 上海理工大学管理学院;
【分类号】：F299.233.42
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本文编号：1955293