Author(s)

Huiyuan Zha ¹, Zihang Qian ¹, Hua Luo ¹

Affiliation(s)

¹ School of Finance and Economics, Jiangxi Normal University, Jiangxi, Nanchang, China

Corresponding Author

Huiyuan Zha

ABSTRACT

The real estate industry has the status of the pillar of the national economy. The "leverage manipulation" behavior of real estate enterprises not only damages the development of enterprises themselves, but also is not conducive to macro-control and consolidating the achievements of "deleveraging". This paper takes the real estate industry as the object to study the risks caused by its "leverage manipulation". The study found that the existence of this behavior in real estate enterprises continued to weaken the profitability of enterprises; Trigger the upstream and downstream crisis of the industrial chain; It is easy to cause thunderstorms in the capital market, which is not conducive to the stable development of finance; Masking the real debt level is not conducive to consolidating the deleveraging achievements and other risks, and put forward targeted suggestions to prevent such risks at the end of the article.

KEYWORDS

Real estate industry, Lever operation, Risk prevention, Commercial paper

CITE THIS PAPER

Huiyuan Zha, Zihang Qian, Hua Luo, Research on the Risk and Prevention of "Leverage Manipulation" of China's Real Estate Enterprises. Accounting and Corporate Management (2022) Vol. 4: 1-6. DOI: http://dx.doi.org/10.23977/acccm.2022.040201.

REFERENCES

[1] Xu X F, Lu Z F and T T J. (2020) Research on the means, measures and incentives of leverage manipulation of Listed Companies in China, Journal of Management Sciences in China, 23(07):1-26.
[2] Xu X F, Lu Z F. (2020) Motivation, means and potential influence of leverage manipulation in Chinese Enterprises, Accounting Research, (01):92-99.
[3] Zhen H K. (2014) Research on debt maturity structure and its optimization of real estate enterprises -- a case study of Listed Companies in Shanghai and Shenzhen A-share market Financial theory and Practice. The Theory and Practice of Finance and Economics.35(06):65-69.
[4] Zhu K L. (2018) Research on accounting information disclosure of "disguised debt", Finance and Accounting, (22):80-83.

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