摘要
以2005年至2006年深沪两市A股上市公司作为研究样本,本文探讨了行业竞争程度与会计信息透明度及融资行为之间的关系。研究发现,行业竞争越强,会计信息透明度越高。研究还发现,会计信息透明度与与融资成本负相关关系,竞争程度和信息透明度在公司融资决策中有互补效应。
the paper,using listed companies in China's capital market from 2005 to 2006 as a sample,has studied the effect factors of industry competition and information transparency,and tried to find that the main factor that affects financing behavior.It is positive between industry competition and information transparency,it is also found that it is negative between information transparency and financing cost,it has complementarity between industry competition and information transparency on financing behavior.
出处
《南京财经大学学报》
2010年第6期42-48,共7页
Journal of Nanjing University of Finance and Economics
关键词
行业竞争程度
信息透明度
融资行为
Industry Competition
Information Transparency
Financing Behavior