[1]温章林.会计信息稳健程度影响股权融资成本的实证研究——来自中国上市公司2012-2015年的经验证据[J].金融教育研究,2017,(06):55-61.
　WEN Zhanglin.An Empirical Research for the Effects of Accounting Conservatism Degree on Cost of Equity Capital——Empirical Evidence from Listed Companies in China from 2012 to 2015[J].,2017,(06):55-61.
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会计信息稳健程度影响股权融资成本的实证研究——来自中国上市公司2012-2015年的经验证据()
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《金融教育研究》[ISSN:1006-6977/CN:61-1281/TN]

卷:
期数:
2017年06期
页码:
55-61
栏目:
出版日期:
2017-12-01

文章信息/Info

Title:
An Empirical Research for the Effects of Accounting Conservatism Degree on Cost of Equity Capital——Empirical Evidence from Listed Companies in China from 2012 to 2015
作者:
温章林
江西师范大学 财政金融学院,江西 南昌 330022
Author(s):
WEN Zhanglin
College of Finance,Jiangxi Normal University,Nanchang,Jiangxi 330022,China
关键词:
会计稳健性;  股权成本;  经济后果;  信息不对称
Keywords:
accounting conservatism;  cost of equity;  economic consequences;  asymmetric information
分类号:
F275.6
文献标志码:
A
摘要:
会计稳健性,在现代会计环境下,已成为最受关注的信息质量特征之一,并且其应用有不断加强的趋势,而股权成本的高低则是影响到企业生存发展至关重要的因素。稳健会计信息对股权成本是否有影响?如何影响?文章利用2012-2015年中国A股上市公司公开发布的资本市场信息,对稳健会计信息与股权成本两者之间的关系进行实证检验,研究结果表明,会计信息稳健程度与股权成本之间存在显著的负向相关关系。研究为降低股权成本拓宽了一个视角,同时也为论证会计稳健会计信息具有提高资本配置效率的作用提供了经验证据。
Abstract:
In the modern accounting environment,accounting conservatism has become one of the most closely watched information quality characteristics; and its practical application has an increasing tendency.The cost of equity is the most important factor that affects the survival and development of enterprises.Does the stable accounting information have an impact on the cost of equity? How is it affected? The article utilized the information of capital market released by Chinese a-share listed companies from 2012 to 2015,empirically tested the relationship between stable accounting information and the cost of equity.The result shows that there is a significant negative relation between accounting conservatism degree and the cost of equity.The research has widened a perspective to reduce the cost of equity; at the same time,it also provides empirical evidence to demonstrate the effect of accounting conservatism accounting information on improving capital allocation efficiency.

参考文献/References:

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相似文献/References:

[1]温章林.公司治理影响会计稳健性的实证研究[J].金融教育研究,2012,(02):58.
　WEN Zhanglin.Empirical Research on the Effects of Corporate Governance on Accounting Conservatism[J].,2012,(06):58.

备注/Memo

备注/Memo:
收稿日期:2017-06-22基金项目:国家社科基金项目“国企政策性负担、财务信息透明度与政府优惠资源配置效率”(16BGL047); 江西省社会科学规划项目“政府干预、市场化改革与国有企业的高管激励”(14GL52); 江西师范大学科研项目“稳健会计信息与公司治理关系及其对权益资本的影响”(12013450)作者简介:温章林(1967-),男,江西宁都人,管理学(会计学)博士,副教授,主要研究方向为资本市场。
更新日期/Last Update: 1900-01-01