| This paper analyzes the status of the capital structure of listed real estatecompanies, combined with the theoretical relationship between the company’s capitalstructure and earnings quality, select the relevant indicators, empirical analysis methodto study the capital structure of listed real estate companies have an impact on itsearnings quality and trying to find the correlation between the two, madesuggestions based on the findings.First, capital structure and earnings quality of listed real estate companies weredescriptive statistics, analysis of the situation of the capital structure and earningsquality real estate companies, describes the financial risks of real estate listedcompanies in existence. Secondly, empirical analysis test, the authors were elementsof the capital structure and earnings quality elements listed real estate companiesselected their targets, select capital structure is selected indicators of total liabilities arewidely used at home and abroad Institute/total assets is calculated the asset-liabilityratio; based on earnings quality analysis to select the relevant indicators. This paperselects the Shenzhen Stock Exchange issued A shares listed real estate companies assamples, and the exclusion of financial crises that have occurred Pt, St company, thetime span for the2010-2012three-year period. Empirical part of the first indicators ofearnings quality for the selected factor analysis and testing, draw three types of factorsaffecting earnings quality, and calculate the overall score. After the earnings qualityto calculate the composite score for the explanatory variables to represent theasset-liability ratio of capital structure as factors that explain the variable regressionanalysis. Capital structure obtained by empirical impact on earnings quality, bothrelated to negative conclusions. Finally, for the conclusion of China’s real estate listed companies on how to regulate the capital structure, improve the quality of earningsmade a number of suggestions. |
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