本文選題：會(huì)計(jì)信息質(zhì)量 + 產(chǎn)權(quán)性質(zhì)��； 參考：《東北石油大學(xué)》2014年碩士論文

【摘要】：銀行信貸融資是公司獲取經(jīng)營(yíng)與發(fā)展所需資金的重要來(lái)源，但銀企間的信息不對(duì)稱(chēng)會(huì)嚴(yán)重影響資金配置效率，導(dǎo)致大量銀行不良貸款的產(chǎn)生，損害銀行的利益。會(huì)計(jì)信息作為一種減輕信息不對(duì)稱(chēng)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(huì)計(jì)信息質(zhì)量，制定信貸契約條款來(lái)保護(hù)自身的利益。論文以深市信息評(píng)級(jí)作為上市公司會(huì)計(jì)信息質(zhì)量的代理變量，深入考察上市公司會(huì)計(jì)信息質(zhì)量對(duì)銀行長(zhǎng)期借款成本的影響，在豐富相關(guān)研究文獻(xiàn)的同時(shí)，積累基于中國(guó)制度背景的經(jīng)驗(yàn)證據(jù)。論文研究有利于指導(dǎo)資金提供者借助監(jiān)管機(jī)構(gòu)的權(quán)威評(píng)價(jià)進(jìn)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(wù)融資壓力；有利于鼓勵(lì)上市公司加強(qiáng)信息質(zhì)量建設(shè)的積極性，通過(guò)提高自身的會(huì)計(jì)信息質(zhì)量，獲得較低成本資金的好處；對(duì)于監(jiān)管機(jī)構(gòu)科學(xué)合理地制定、推進(jìn)和逐步完善監(jiān)管政策具有重要的現(xiàn)實(shí)意義。 論文采用規(guī)范研究與實(shí)證研究相結(jié)合的研究方法，遵循“提出問(wèn)題——理論分析——實(shí)證檢驗(yàn)——政策建議”的邏輯思路。首先，闡述論文的研究背景，對(duì)已有的相關(guān)文獻(xiàn)進(jìn)行回顧，并在分析和評(píng)述的基礎(chǔ)上指出論文的研究意義。其次，運(yùn)用信貸契約理論、信息不對(duì)稱(chēng)理論、信號(hào)傳遞理論以及委托代理理論分析上市公司會(huì)計(jì)信息質(zhì)量對(duì)銀行長(zhǎng)期借款成本的影響，理論分析表明，會(huì)計(jì)信息質(zhì)量越高的上市公司，所承擔(dān)的銀行長(zhǎng)期借款成本可能越低。最后，運(yùn)用實(shí)證研究方法，以2007-2012年深圳證券交易所A股非金融類(lèi)上市公司為研究樣本，設(shè)計(jì)實(shí)證研究模型，研究我國(guó)上市公司會(huì)計(jì)信息質(zhì)量對(duì)銀行長(zhǎng)期借款成本的影響，同時(shí)考慮到我國(guó)上市公司產(chǎn)權(quán)性質(zhì)差異的特殊制度背景，將研究樣本進(jìn)行產(chǎn)權(quán)分組，進(jìn)一步考察產(chǎn)權(quán)性質(zhì)對(duì)會(huì)計(jì)信息質(zhì)量與銀行長(zhǎng)期借款成本間關(guān)系產(chǎn)生的可能影響。論文的實(shí)證研究發(fā)現(xiàn)：高質(zhì)量的會(huì)計(jì)信息能夠發(fā)揮信號(hào)傳遞功能，有利于銀行正確評(píng)估申貸公司的風(fēng)險(xiǎn)，從而顯著降低銀行長(zhǎng)期借款成本�；诋a(chǎn)權(quán)分組的研究進(jìn)一步發(fā)現(xiàn)，制度因素會(huì)對(duì)會(huì)計(jì)信息質(zhì)量在信貸融資中的作用產(chǎn)生影響，國(guó)有產(chǎn)權(quán)承擔(dān)的隱性擔(dān)保作用會(huì)削弱會(huì)計(jì)信息質(zhì)量的信號(hào)傳遞功效，即相對(duì)于民營(yíng)性質(zhì)的上市公司來(lái)說(shuō)，國(guó)有上市公司在進(jìn)行銀行長(zhǎng)期借款融資時(shí)，其會(huì)計(jì)信息質(zhì)量對(duì)融資成本的正面影響會(huì)減弱。通過(guò)上述結(jié)論可知，，上市公司可以通過(guò)提高自身的會(huì)計(jì)信息質(zhì)量來(lái)向外部使用者傳遞公司的真實(shí)情況，從而降低投資者和債權(quán)人的信息風(fēng)險(xiǎn)，進(jìn)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(xué)位授予單位】：東北石油大學(xué)
【學(xué)位級(jí)別】：碩士
【學(xué)位授予年份】：2014
【分類(lèi)號(hào)】：F830.42;F832.3

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