| Construction industry is a manufacturing industry, which is very important to economy. It mainly specialized in civil engineering, construction, equipment installation, engineering survey and design work of production department, including factories, mines, railways, Bridges, ports, roads, pipelines, housing and buildings of public facilities. Construction industry is one of the most important industries in absorbing employment. It has a huge driving force in its correlative industry’s development, and can bring great domestic demand. Besides, it has great adjustment influence in the development of national economy. Therefore, construction industry is very important in social economy.This paper is going to analysis interest capitalized policy’s impact on construction industry listed companies from the perspective of empirical. With data collected from CISMAR, according to interpretation of the financial statements of listed companies, solve three main research questions:Firstly, whether the Interest capitalized amount and the rate used in calculating and determine the amount of capitalized interest expense arereported or not, and in which form it is in discoursing. Secondly, interest capitalized policy can achieve earnings management goals theoretically, and Indirect influence enterprise credit rating, whether enterprises through interest capitalized to achieve the purpose of earnings management actuality.Thirdly, whether interest capitalized policy is suitable in China, and whether it has influence on the enterprise financing scale.The research methods this paper using are literature reading method and regression analysis. Knowing how enterprises through interest capitalized do actualityby reading literatures, and using Loan interest, capitalized interest, financial expenses, the rating result as independent variable, scale of debts, asset-liability ratio as dependent variable, verify the conclusion of this paper by regression analysis. |
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