盈余质量、识别技术与债务契约

Earnings Quality, Recognition Technology and Debt Contracts

银行信贷人员对企业会计信息质量的识别行为受到识别意愿和识别技术的影响。以2001-2016年度A股非国有上市公司为样本,在控制信贷人员识别意愿的基础上,从债务水平、债务期限和债务成本三个方面来检验盈余质量对信贷融资的影响,考察了信贷人员是否具备会计信息质量的识别技术。我们还进一步考察了不同盈余质量所导致的经济后果。研究结果表明:对于简单的盈余质量衡量指标,信贷人员有识别技术,且这部分盈余管理与债务违约率显著负相关;对于复杂的盈余质量衡量指标,信贷人员缺乏识别技术,这部分盈余管理与债务违约率显著正相关。建议信贷人员应提升自身专业技能水平,全面掌握企业会计信息质量的识别技术,以防控信贷风险,提高信贷资源配置效率。

The recognition behavior of bank credit personnel on the enterprises＇ accounting information quality will be affected by its own recognition will and recognition technology. Taking the A-share non-state listed company from 2001 to 2016 as a sample, on the basis of controlling the willingness of credit officers to identity, the impact of earnings quality on credit financing is examined in terms of debt level, debt maturity, and debt cost and examined whether the person in charge of credit have the recognition technology of accounting information quality. We have further examined the economic consequences of different earnings quality. The research results show that for a simple measure of earnings quality, credit officers have identification technology, and this part of earnings management is significantly negatively related to the debt default rate; for complex indicators of earnings quality, credit officers lack identification technology, and this part of earnings management Debt default rates are significantly positively correlated. It is recommended that credit officers should upgrade their professional skills and master complex enterprise accounting information quality identification techniques to prevent and control credit risks and improve the efficiency of credit resource allocation.