负债融资治理与会计信息披露关系研究

Relationship of the Debt Financing Governance and Accounting Information Disclosure

负债作为一种主要的融资来源,不仅具有激励约束作用,降低代理成本,而且具有监管功能,能改进公司管理,提高公司业绩。而会计信息披露作为管理活动的一种输入和输出过程,在公司治理中起到重要的作用。在分析负债融资与会计信息披露互相作用的关系基础上,进一步揭示出两者的互动关系,并为未来的研究发展提出设想。

As a main resource of financing, debt has incentive and constraint function and helps to decrease agency cost. Moreover, debt has supervising function and improves corporate performance. Besides, accounting information discourse, the input and output process of management activity plays an indispensable role in corporate governance. Based on the analysis of interaction between debt financing and accounting information discourse, this paper discuses the relationship between accounting information discourse and debt financing and proposes a practical plan for further research.