Research On The Relationship Between Accounting Information Quality Of Export Enterprises And Anti-dumping

With the gradual deepening of economic globalization, China’s economic development is closely related to world economy and China’s foreign trade has made great strides. Some related statistics show that China has grown into the world’s largest exporter in2009. With the economic’s taking-off, anti-dumping investigation of China’s encountered increase year by year. By the end of2008our country has suffered14consecutive years of national anti-dumping investigations than any country. In order to achieve the purpose of trade protection, every country use anti-dumping to limit exports from other countries frequently. Whether or not anti-dumping measures are taken, anti-dumping investigation will seriously affect the country’s export-related industries, which our country has suffered. How to effectively deal with anti-dumping and related research undoubtedly play a very important role. Prior to this, papers of anti-dumping mainly focused on law and literature. In recent years, analysis of anti-dumping from an accounting perspective has increased attention, and its importance is also increasingly recognized. Dumping is a comparison of price and the cost in essence, accounting undoubtedly is an important measure to prevent and deal with anti-dumping.This makes the research whose purpose is to prevent and deal with anti-dumping from the pespective of accounting quitely significant.This paper teases out the theoretical study of quality of accounting information and anti-dumping, and then based on the accounting interpretation of WTO framework of anti-dumping, studies the quality of China’s export enterprises accounting information and anti-dumping with the empirical analysis method which combine with China’s special circumstances,Structural framework of this paper is as follows:In chapter two, this part teases out and comments on the related literature,pointing out some deficiencies and limitations on the quality of accounting information and anti-dumping research. Most research has focused on the relations of internal accounting controls and anti-dumping,but lack of research on the relationship between the quality of accounting information and anti-dumping. Accordingly, studies on the quality of accounting information is also primarily focused on the impact on their business performance. So, this paper attempts to reveal the correlation between the quality of accounting information and anti-dumping based on the appropriate theory.Chapter three puts forward the corresponding assumptions based on the theoretical analysis.First, this part interprets dumping and anti-dumping under the WTO framework from accounting perspective,and lists the analysis of normal value and market economy. Then this paper assumes that the higher quality of export enterprises accounting information, the rate of anti-dumping proceedings lower when suffering lawsuit. In considering the two important paths of quality of accounting information---voluntary disclosure levels of corporate environmental and labor protection, the result remains the same.In the chapter four, this part selectes three dependent variables------the final ruling of anti-dumping tax rate, the difference between the biggest tax rate and the rate of the export enterprise, the difference between the minimum tax rate and the rate of the export enterprise; the fisrt independent variable is the quality of accounting information which is measured by the operability profit level and the level of voluntary disclosure of accounting information, and the other two independent variables are the level of disclosure of environmental protection and disclosure of labor protection level; enterprise risk awareness,disclosure of executive accounting standards, the audit of financial statement and industry conditions are selected as control variables. In the sample selection, this paper selects30export enterprises which suffered anti-dumping after2000based on the anti-dumping global database. We found that the average tax rate of the30enterprises is31%and the highest anti-dumping tax rate is up to136%in the sample descriptive statistics.The fifth chapter is empirical test results and analysis. The main conclusions of this research is as follows:for China’s export enterprises, enterprises suffered the tax of anti-dumping from face the U.S. Department of Commerce and corporate manipulation of accruals level there has not an observably correlative relationship with the operabitity profit level,that is to say the discretionary accruals level of export enterprise has little effect on anti-dumping tax rate; while the level of voluntary disclosure of accounting information and its anti-dumping tax rate has a significant negative correlation, ie, the higher the level of voluntary disclosure of accounting information, anti-dumping tax rate is lower; the level of disclosure of environmental protection negatively affect the anti-dumping tax rate, indicating the better corporate environmental protection, the higher level of disclosure, companies in the anti-dumping is easier to get a lower tax rate; labor protection level and anti-dumping tax rate is significantly negatively correlated, indicating that export companies focus on the protection of employees, and actively disclose the relevant information, which will make it easier to obtain a favorable position in the anti-dumping.From the analysis of the empirical results, we believe that there is need to explore ways to improve the quality of accounting information, thus effectively reducing the probability of China’s export enterprises face anti-dumping investigations or making it in a more favorable position in the anti-dumping. Through empirical analysis, we make j external policy, capital market should gradually improve accounting information disclosure system, the relevant government departments should also give guidance and assistance on corporate disclosure. From the enterprise, one should optimize the internal governance structure, strengthen enterprise risk assessment and monitoring and enhance risk management capabilities; on the other hand, enterprises should strengthen corporate social responsibility, and timely disclose relevant information.The contributions of this paper are listed as follows:From the perspective of research, the topic of this paper is novel. Through empirical research, analyzing the relationship between the quality of accounting information and anti-dumping enrich the relevant literature,which provides empirical evidence for the mechanism of the quality of accounting information and contributes to a more in-depth understanding of micro-factors in anti-dumping.From the content of the research, through the research of, the relationship between the quality of accounting information and anti-dumping as well as between the level of environment protection,labor protection and anti-dumping, we understand what circumstances the country is easier to suffer anti-dumping, which is good for China’s export enterprises to better recognize the situation clearly and avoid anti-dumping.From the conclusion of this research, this paper seeks to build anti-dumping accounting information quality system, which improves strategy system responsed to anti-dumping, helps to enhance the international competitiveness of Chinese enterprises.In this paper, there are some limitations:owing to the limiations of sample interval and time of this study, this paper may have overlooked a lot of important information; in the study, we deal with the data which based on the year when the enterprises suffered anti-dumping. The lack of research about the overall or a certain time sample, may ignore the consolidation of the quality of information, and the long-term information quality.