本文選題：會計信息質(zhì)量 + 產(chǎn)權性質(zhì)��； 參考：《東北石油大學》2014年碩士論文

【摘要】：銀行信貸融資是公司獲取經(jīng)營與發(fā)展所需資金的重要來源，但銀企間的信息不對稱會嚴重影響資金配置效率，導致大量銀行不良貸款的產(chǎn)生，損害銀行的利益。會計信息作為一種減輕信息不對稱程度的媒介，在上市公司和銀行等資金提供者之間架起了一座溝通的橋梁。銀行具有依據(jù)上市公司的會計信息質(zhì)量，制定信貸契約條款來保護自身的利益。論文以深市信息評級作為上市公司會計信息質(zhì)量的代理變量，深入考察上市公司會計信息質(zhì)量對銀行長期借款成本的影響，在豐富相關研究文獻的同時，積累基于中國制度背景的經(jīng)驗證據(jù)。論文研究有利于指導資金提供者借助監(jiān)管機構的權威評價進行信貸決策，降低自身獲取信息的成本，緩解上市公司面臨的債務融資壓力；有利于鼓勵上市公司加強信息質(zhì)量建設的積極性，通過提高自身的會計信息質(zhì)量，獲得較低成本資金的好處；對于監(jiān)管機構科學合理地制定、推進和逐步完善監(jiān)管政策具有重要的現(xiàn)實意義。 論文采用規(guī)范研究與實證研究相結合的研究方法，遵循“提出問題——理論分析——實證檢驗——政策建議”的邏輯思路。首先，闡述論文的研究背景，對已有的相關文獻進行回顧，并在分析和評述的基礎上指出論文的研究意義。其次，運用信貸契約理論、信息不對稱理論、信號傳遞理論以及委托代理理論分析上市公司會計信息質(zhì)量對銀行長期借款成本的影響，理論分析表明，會計信息質(zhì)量越高的上市公司，所承擔的銀行長期借款成本可能越低。最后，運用實證研究方法，以2007-2012年深圳證券交易所A股非金融類上市公司為研究樣本，設計實證研究模型，研究我國上市公司會計信息質(zhì)量對銀行長期借款成本的影響，同時考慮到我國上市公司產(chǎn)權性質(zhì)差異的特殊制度背景，將研究樣本進行產(chǎn)權分組，進一步考察產(chǎn)權性質(zhì)對會計信息質(zhì)量與銀行長期借款成本間關系產(chǎn)生的可能影響。論文的實證研究發(fā)現(xiàn)：高質(zhì)量的會計信息能夠發(fā)揮信號傳遞功能，有利于銀行正確評估申貸公司的風險，，從而顯著降低銀行長期借款成本�；诋a(chǎn)權分組的研究進一步發(fā)現(xiàn)，制度因素會對會計信息質(zhì)量在信貸融資中的作用產(chǎn)生影響，國有產(chǎn)權承擔的隱性擔保作用會削弱會計信息質(zhì)量的信號傳遞功效，即相對于民營性質(zhì)的上市公司來說，國有上市公司在進行銀行長期借款融資時，其會計信息質(zhì)量對融資成本的正面影響會減弱。通過上述結論可知，上市公司可以通過提高自身的會計信息質(zhì)量來向外部使用者傳遞公司的真實情況，從而降低投資者和債權人的信息風險，進而提高上市公司的融資效率，降低上市公司的融資成本。
[Abstract]:Bank credit financing is an important source for companies to obtain funds for operation and development, but the information asymmetry between banks and enterprises will seriously affect the efficiency of capital allocation, leading to the emergence of a large number of non-performing loans in banks and harming the interests of banks. As a medium to reduce the asymmetry of information, accounting information has built a bridge between listed companies and banks. According to the quality of accounting information of listed companies, banks have to make terms of credit contracts to protect their own interests. Taking Shenzhen Stock Market Information rating as the proxy variable of accounting information quality of listed companies, this paper investigates the influence of accounting information quality of listed companies on the long-term borrowing cost of banks, and enriches the relevant research literature at the same time. Accumulate empirical evidence based on Chinese institutional background. The research of this paper is helpful to guide fund providers to make credit decisions with the help of authoritative evaluation of regulatory bodies, reduce the cost of obtaining information, and alleviate the debt financing pressure faced by listed companies. Conducive to encouraging listed companies to strengthen the enthusiasm of information quality construction, by improving the quality of their own accounting information, to obtain the benefits of lower cost funds; for regulatory bodies to formulate scientifically and rationally, To promote and gradually improve the regulatory policy has important practical significance. This paper adopts the research method of combining normative research with empirical research, and follows the logical thinking of "posing questions-theoretical analysis-empirical testing-policy recommendations". Firstly, the research background of the thesis is expounded, and the research significance is pointed out on the basis of analysis and comment. Secondly, using credit contract theory, information asymmetry theory, signal transmission theory and principal-agent theory to analyze the impact of accounting information quality on bank long-term borrowing costs. The higher the quality of accounting information, the lower the long-term borrowing cost of banks. Finally, using the empirical research method and taking the A-share non-financial listed companies of Shenzhen Stock Exchange from 2007 to 2012 as the research samples, the empirical research model is designed to study the impact of the quality of accounting information of listed companies on the long-term borrowing costs of banks. At the same time, considering the special institutional background of the property rights differences of listed companies in China, the research samples are grouped into property rights groups to further investigate the possible impact of property rights on the relationship between the quality of accounting information and the long-term borrowing costs of banks. The empirical research in this paper finds that high quality accounting information can play a signalling role, which is helpful for banks to correctly assess the risk of loan companies, thus significantly reducing the long-term borrowing costs of banks. Based on the research of property right group, it is found that institutional factors will affect the role of accounting information quality in credit financing, and the implicit guarantee effect of state-owned property rights will weaken the signal transmission effect of accounting information quality. That is to say, compared with the private listed companies, the positive effect of the quality of accounting information on the financing costs of the state-owned listed companies will be weakened when the banks borrow for a long time. Through the above conclusions, listed companies can improve their accounting information quality to transfer the real situation of the company to external users, thereby reducing the information risk of investors and creditors, and then improving the financing efficiency of listed companies. Reduce the financing costs of listed companies.
【學位授予單位】：東北石油大學
【學位級別】：碩士
【學位授予年份】：2014
【分類號】：F830.42;F832.3

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