会计稳健性与会计信息的信贷决策有用性

Accounting Conservatism and the Accounting Information’s Serviceability on Credit Decision-making

采用基于账面市价比的固定效应模型度量公司的会计政策稳健性程度;采用盈利能力指标和偿债能力指标与事后的违约概率之间的相关性度量会计信息的信贷决策有用性,实证研究结果是会计稳健性强化了信贷决策失误与会计信息(盈利能力指标和偿债能力指标)之间的负相关关系。这表明,会计稳健性提高了会计信息的信贷决策有用性。

In this paper, accounting conservatism is measured by a fixed effect model based onbook-to-market value, and accounting information＇ s serviceability on credit decision-making is measured by the relativity between expost default probability and payoff ability and repaying-debt ability. This paper finds that, accounting conservatism strengthens the negative relativity between accounting information and misplay on Credit Decision-making. Accounting conservatism advances the accounting information＇ s serviceability on credit decision-making.