An Empirical Research On The Asset Impairment Policy Of Loss Listed Companies In China

The asset impairment of listed companies is a hotspot drawing in each side's attention. Along with the development of China stock market, the Ministry of Finance developed a series of policies to normalize the publication of listed companies' asset impairment for specific purposes of reflecting the truth of assets quality and enhancing the serviceability of accounting information. However, looking inside listed companies' annual report in last few years, the policy in fact becomes an instrument through which some companies, particularly the loss ones, manipulate their earnings.What kind of characteristics have loss listed companies presented in the process of carrying out the asset impairment policy? Which factors would influence their choice to certain term of the asset impairment policy and the policy effectiveness? Does the special treatment policy (ST) that the stock certificate management organization constituted for protecting investors' benefit still fit into the market circumstance nowadays? Concerned with the...