Empirical Study Of Electric Listed Companies’ Off Balance Sheet Liabilities Impact On The Sustainable Development

With the rapid development of China’s economy, corporate debt model more and more,some debt due to the limit of current accounting standards and the accounting system and other reasons to in the statement of assets and liabilities shown, only in the table were reflected or disclosure. As a result, some enterprises only pay attention to the research of the balance sheet, and ignore the importance of off balance sheet liabilities, and the information reflected by the balance sheet can not meet the information needs of the users of financial reports. Table content of external debt and different and relates to the amount is large, can’t cause enough attention to the results often lead to corporate insolvency as a result of bankruptcy, unable to achieve sustainable development.Electric listed company as one of the important energy sector, becoming a pillar industry of the national economy, there are also a large number of off balance sheet liabilities, in the fierce competition in the market economy, listed companies in our country electric power table of external debt and the ability of sustainable development, of great significance.Based on the liability theory and the theory of sustainable development, this paper takes the listed power companies from 2011 to 2014 relevant financial statement data for the study sample. First of all, on sustainable development indicators were principal component analysis, then we establish the multiple regression model, using normative research and empirical research on the method of, respectively from the guarantee scope,related party transactions, mergers and acquisitions, restructuring and irregularities in four aspects of research of power listed company sustainable development influence.According to the results of the empirical analysis, the following conclusions are drawn.From the scale of security, there is a significant negative correlation with the power listing corporation. The success of mergers and acquisitions from the point of view, from mergers and acquisitions in the process of off balance sheet liabilities will weaken the positive effects of mergers and acquisitions of sustainable development, and the impact of sustainable development is not obvious. From the irregularities, although not on the sustainable development of electric power listing Corporation has a significant impact, but the Many a little make a mickle. The potential impact can’t be ignored. Comprehensive above factors, it can be shown that the power listing Corporation balance sheet debt situation is not optimistic. From the results of the analysis of the reasons, respectively, the power listing corporation, the relevant standards makers, regulatory authorities and the relevant recommendations of the main stakeholders.The innovation of this paper is mainly reflected in the following:(1) the domesticscholars is only a single study table liabilities or sustainable development. This paper, from a quantitative point of view to study table external debt and sustainable development of the relationship;(2) Our scholars mostly use standard research method table liabilities. In this paper the model, using SPSS empirical analysis method to study the relationship between external debt and sustainable development.