Product Market Competition,Property And Accounting Conservative

Accounting conservatism is correlated with accounting system design,corporate micro-governance structure and external governance environment.Academia for accounting conservatism influence factors research focused on four aspects:contract,legal proceedings,taxation and regulation,few researchers concerned about the impact of accounting conservatism external market factors.This paper sets sights on external market factors,the researchers found that product market competition can have effect on accounting conservatism by influencing creditors,principal-agent relationship between shareholders and managers,and degree of information asymmetry.In addition,this paper not only studies the overall impact of product market competition on accounting conservatism,and also carries out to further explore the impact of property rights dimensions on accounting conservatism.Therefore,it brings more detailed and in-depth research,and opens up new ideas for the study of accounting conservatism influence factors.Based on a combination of normative research and empirical research methods,this paper studies the relationship of product market competition,property rights and accounting conservatism,explores regularity conclusion of the relationship,provides some theoretical support to the on-going process of supply-side structural reform,and provides advice on promoting further improvement in the relationship between government and the market.This paper consists of the following six parts:Part ?.IntroductionOverview of the background,theoretical significance and practical value of the research,proposing research methods,frameworks and innovations of this paper.Part ?,Literature ReviewReview and Commentary of related research literature regarding accounting conservatism,product market competition and corporate governance,product market competition and accounting conservatism.Part ?.Theoretical Analysis and HypothesisIt defines relevant concepts in this paper,describes the theoretical basis and analyzes the impact of these theories on the topic of this study,combines with our country's Institutional background for targeted analyzes,and then develops hypothesis of the study.Part ?.Research DesignedIt studies data sources and selected samples,designed model,and defines variables that appear in the model.Part ?.Empirical Testing and Analysis of ResultsIt mainly states descriptive statistics,correlation analysis,regression analysis and stability test on sample data.Part ?.Conclusion and SuggestionsIt Concludes research findings mainly based on empirical research results,proposes relevant recommendations,points out the shortcomings of this paper.Then,states future research and development directions.According to the results of empirical research of this paper,product market competition will increase incremental of degree of sensitivity that accounting earnings reflect to "bad news" than "good news",product market competition will improve accounting conservatism.Under the same condition,compared to state-owned listed companies,product market competition plays more significant role in enhancing accounting conservatism in a non-state-owned listed companies.It mainly due to the special nature of the special status of the national state-owned enterprises and agents make operations and supervision of state-owned enterprises with a strong administrative color.This the administrative thought weakens the influence of product market competition(as an external environmental factors)on the internal governance factors,but also weakens its impact on accounting conservatism mechanism.On the basis of Basu Model,this paper innovatively introduces the product market competition factors,studies the impact of product market competition on accounting conservatism,and broadens the study scope of the impact of external governance factors on accounting conservatism.On this basis,this paper classifies samples of listed companies according to nature of property rights,distinguish the impact of product market competition on accounting conservatism between state-owned listed companies and non-state-owned listed companies,and deepens the research results in the field.