论文部分内容阅读
企业如何进行财务报告是会计研究的核心问题并得到学术界的广泛讨论,稳健的财务报告有助于更好地保护投资者的利益。基于此,本文研究了我国上市公司会计稳健性与权益资本成本之间的关系。研究发现:会计稳健性与公司的权益资本成本显著负相关;相对于非国有企业,国有企业.的会计稳健性更能降低权益资本成本。本文的研究为准则制定者完善会计准则、监管当局提升监管效能以及投资者更好地使用会计信息提供了一个经验证据。
How enterprises conduct financial reports is the core issue of accounting research and has been widely discussed by academics. Sound financial reports can help to better protect the interests of investors. Based on this, this paper studies the relationship between accounting conservatism and equity capital cost of listed companies in our country. The study found that: accounting conservatism and the company’s cost of equity capital was significantly negatively correlated; relative to non-state-owned enterprises, state-owned enterprises accounting conservatism can reduce the cost of equity capital. The research in this article provides empirical evidence for the rule makers to improve their accounting standards, enhance the regulatory effectiveness of regulatory authorities and make better use of accounting information by investors.