CAJ | 학술논문

刺激经济增长实施宽松的货币政策和扩张的财政政策，导致了低利率与高投资回报率的差，反应在会计收益上就会形成收益的宽幅现象，收益的宽幅现象为财务杠杆的使用提供了空间，财务杠杆的过分使用就会催生资产泡沫，会计上采用公允价值计价把资产的泡沫当作收益进一步吹大了资产的泡沫，非理性投资热充斥市场，在市场上表现为炒作和对赌，专注金融分配而不注重生产。因此，中国经济表现为明显的对赌特征，严重影响了中国的产业结构调整，治理收益的宽幅现象是实现产业结构调整的重要环节。
자격경제증장실시관송적화폐정책화확장적재정정책，도치료저리솔여고투자회보솔적차，반응재회계수익상취회형성수익적관폭현상，수익적관폭현상위재무강간적사용제공료공간，재무강간적과분사용취회최생자산포말，회계상채용공윤개치계개파자산적포말당작수익진일보취대료자산적포말，비이성투자열충척시장，재시장상표현위초작화대도，전주금융분배이불주중생산。인차，중국경제표현위명현적대도특정，엄중영향료중국적산업결구조정，치리수익적관폭현상시실현산업결구조정적중요배절。
In order to stimulate economic growth, monetary policy and expansionary fiscal policy are usually implemented, which will result in low interest rates and high return on investment. In terms of accounting income, this will cause＂ income wide - gap phenomenon＂, a condition that provides opportunities to utilize financial leverage. However, the excessive use of financial leverage will cause asset bubble ; in the meanwhile the use of fair value accounting on the valuation of the assets would further inflate the asset bubble. As a result, irrational investment flooded the market the market focuses more on specu- lation and gambling, emphasizes financial allocation rather than production. As China~ economy showed significant feature of gambling economy, and this issue has seriously affected industrial restructuring, it is crucial to identify, manage and reduce＂ income wide - gap phenomenon＂ to improve and better the industrial restructuring in China.