China's Iron And Steel Industry Listed Preference Research Of Accounting Policy Choice

Accounting policy choices research of listed companies is an important subject of regulating capital market. Domestic and foreign scholars continuously explore the new research theory of accounting policy choices, in order to regulate and improve the quality of the capital market’s accounting information.The2008financial crisis intensified the deterioration of the foreign and domestic capital market’s environment. The U.S. sub prime mortgage crisis and the rise of oil prices in the international market brought serious disaster to the car, real estate, electronic machinery, steel industry etc. The U.S. sub prime mortgage crisis also affected our domestic financial market. As_the_industry of power-rich, high risk and high cost, Steel industry is especially affected by the international financial crisis. For the purpose of earnings management, many enterprises make full use of the accounting policy choices, which are used to circumvent the effects on the stock prices by financial crisis.This paper takes example for the steel industry, and chooses thirty-eight listed companies in the steel industry from stock markets of Shanghai and Shenzhen as the research object, and systematically analyzes the preference, and the existing problems of their accounting policy choice. On the basis of the analysis of preference, pick out the commonly existed problems of the steel industry’s accounting policy choices, and than put forward some opinions to regulate the steel industry’s accounting policy choices.