Study On The Relationship Between Capital Structure Of Listed Companies And Accounting Conservatism

Accounting conservatism is an important basic principle in the accounting theory andpractice，it has always been one of hot issues of the academic discussion. In recent years,Chinese scholars are researching on the influence factors of accounting conservatism, but theresearch time is not long, and its research scope is not deep. As a result, this paper references onthe basis of previous studies and studies the relationship between the capital structure of listedcompanies and the accounting conservatism in our country deeply. The study deepens the scopeof influence factors, and it provides a solid theoretical basis for the protection of outsideinvestors and improves the consciousness of the corporate accounting conservatism. Therefore,the relationship between research has important theoretical significance and use value.This paper uses the method of combining the theoretical analysis and empirical analysis,and it puts forward the relationship between assumptions on the analysis of capital structure andaccounting conservatism. This paper selects the listed company financial data from2010to2012and combines the capital attribute structure and the capital term structure with Basu model, Inparticular, this paper expands the single capital factor to double factors. We can research on therelation between the capital structure of listed companies and accounting conservatism throughthe comparative analysis of interactive items.The results show that the debt capital structure of listed companies in our country positivelyrelated to the accounting conservatism, but the long-term debt capital structure is negativelyrelated to the accounting conservatism; and in the equity capital structure, the proportion ofequity capital influence on accounting conservatism positively, the proportion of retainedearnings affects accounting conservatism negatively; When debt capital structure and equitystructure exist together, they positive influence on accounting conservatism, and the influencedegree of the equity capital structure is greater than the debt capital structure. According to theresearch results, we get the relevant conclusions and try to put forward the relevant suggestionsto optimize the corporate capital structure and improve accounting conservatism from the angleof enterprise and market, government.