企业债务融资对会计信息质量的影响研究——基于中国A股上市公司的经验证据

Research on the Impact of Corporate Debt Financing on Accounting Information Quality——Based on the empirical evidence from Chinese A-share listed companies

文章以2013年至2015年中国A股上市公司为样本,研究了企业债务融资和会计信息质量之间的关系。研究结果表明,负债比例越高,会计信息质量越低。但债务结构中不同组成部分对于会计信息质量的影响不同,上下游型债务比例越大,会计信息质量越高;其他型债务比例越大,会计信息质量越低;而银行型债务比例的影响则不明显。

This paper takes the China A-share listed companies from 2013 to 2015 as a sample,examines the relationship between debt financing and the quality of accounting information.The results show that the higher the proportion of liabilities ,the lower the quality of accounting information.However,the different components of the debt structure have different effects on the quality of accounting infor- mation.The higher the proportion of the upstream and downstream types of debt, the higher the quality of accounting information; the high- er the proportion of other types of debt ,the lower the quality of accounting information ; While the impact of bank debt ratio is not obvious.