经济与管理
經濟與管理
경제여관리
ECONOMY AND MANAGEMENT
2014年
6期
45-50,64
,共7页
会计稳健性%债务融资成本%产权
會計穩健性%債務融資成本%產權
회계은건성%채무융자성본%산권
Accounting conservatism%Cost of debt financing%Ownership
稳健性会计作为重要的公司治理机构，能够降低债权人和债务人之间的信息不对称程度。结合我国上市公司的产权特征，基于债务融资成本的角度，考察会计稳健性的经济后果发现，稳健的会计信息与更低的债务融资成本相关，而国有产权的性质削弱了会计稳健性与债务融资成本之间的负相关性。
穩健性會計作為重要的公司治理機構，能夠降低債權人和債務人之間的信息不對稱程度。結閤我國上市公司的產權特徵，基于債務融資成本的角度，攷察會計穩健性的經濟後果髮現，穩健的會計信息與更低的債務融資成本相關，而國有產權的性質削弱瞭會計穩健性與債務融資成本之間的負相關性。
은건성회계작위중요적공사치리궤구，능구강저채권인화채무인지간적신식불대칭정도。결합아국상시공사적산권특정，기우채무융자성본적각도，고찰회계은건성적경제후과발현，은건적회계신식여경저적채무융자성본상관，이국유산권적성질삭약료회계은건성여채무융자성본지간적부상관성。
The accounting conservatism as an important corporate governance mechanism, which can reduce the degree of asymmetric information between creditors and debtors. Combining the property rights characteristics of China's listed companies, based on the perspective of debt financing cost, the paper investigates the economic consequences of accounting conservatism. The study finds that the conservative accounting information is associated with lower cost of debt financing, and the nature of the state-owned property weakens the negative correlation between accounting conservatism and the cost of debt financing.
