Research On The Impact On Accounting Information Of The Listed Company Asset Securitization Of True Sale

As a new financial tools, asset securitization is popular all over the world, it can not only effectively resolve the banking huge non-performing assets, but also becomes the multitudinous enterprise financing. In2005,our country commercial bank carried out the asset securitization business, due to the global financial crisis erupted in2008.On May17,2012, central bank, China banking regulatory commission and the ministry of finance issued "how to further expand the pilot securitization of credit assets related matters notice", formal restart securitization of credit assets. According to statistics, up to June2013, our country’s financial institutions issued89.6billion of asset-backed securities. Asset securitization is a structured finance, the participation subject more, each subject, the complexity of the accounting problems in our country has formulated a series of accounting norms, but still no unified confirmation standard of asset securitization development for many years, did the related system can lead to the development of asset securitization in our country is not standard.Based on this background, this paper studied the asset securitization true sale and relevant theories of accounting information, introduces asset securitization participation main body and the general process, as well as the realization of true sale way and meaning, the second of our country current asset securitization in true sale way of listed companies to disclose the accounting information in the overview, including the development of the achievements and existing problems, and then from the aspects of financial statements, financial ratios and stakeholders expounds the true sale of accounting information, and select the deep Shanghai stock exchange in2011-2013publicly traded asset securitization enterprises as the research sample, using descriptive statistics, correlation analysis and multiple regression analysis method of asset securitization true sale of accounting information to do the empirical analysis. the influence of the final solution Suggestions are put forward from two aspects of macroscopic and microscopic, such as speed up the true sale of the construction of laws and regulations, from the perspective of the originator and SPV improvement combined methods, etc., aims to provide some references for researchers of asset securitization.Just shortly into the field of asset securitization in our country, the type of asset securitization products is relatively less, so there are significant difficulties of asset securitization research and practice. Current our country for overseas introduction to the theory and practice has been more rich content, but in the market environment with Chinese characteristics, has yet to be further and comprehensive research, asset securitization in our country true sale of the construction of relevant laws and regulations also subject to implement as soon as possible, so that to ensure the quality of accounting information to ascend, to promote the rapid development of asset securitization in our country.