Lifting of Short Selling Constraints and Accounting Policy Options—Empirical Data from Asset Impairment Provision ()
ABSTRACT
Based on 2008-2016 years’ A-Share Listed Companies
in China, using the capital market to lift the short selling constraints, this paper investigates its
impact on the company’s provision for asset impairment. The study found that the lifting of short selling constraints
policy led to a significant decrease in the asset impairment provision ratio. And the significance of the
company’s provision for reducing the amount of assets that can be reversed is
higher than the provision for impairment of non-reversible assets. The article
extends the research framework of economic consequences of lifting short
selling constraints, and
supplements the literature on the factors that affect the company’s provision
for asset impairment.
Share and Cite:
Li, Z. (2018) Lifting of Short Selling Constraints and Accounting Policy Options—Empirical Data from Asset Impairment Provision.
Modern Economy,
9, 1776-1791. doi:
10.4236/me.2018.911112.