Research on the Correlation between Accounting Information Distortion and Corporate Debt Financing

• 作者: Zhang Zhaoxia
• 来源期刊: 财会通讯：下
• 学科: 经济
• 关键词: ACCOUNTING information DISTORTION ACCOUNTING FRAUD ACCOUNTING MANIPULATION DEBT FINANCING Internal control Moderating effect
• 年，卷（期）: 2018,（11）
• 页码范围: F0003-F0003
• 页数: 1页
• 分类号: F2

摘要

Accounting information plays a key role in economic development. Macroscopically speaking, accounting information isthe basis of macro-decision-making. Microscopically speaking, accounting information is the effective embodiment of enterprise＇smanagement ability and status, and is also the basis for many investors to make reasonable investment decisions. Therefore, it can beseen that the distortion of accounting information will cause negative effects in many aspects. Ringing. Based on this, this paper selectsA-share non-financial listed companies in Shanghai and Shenzhen Stock Exchanges fi＇om 2011 to 2016, analyzes the impact ofaccounting information distortion on corporate debt financing costs, and introduces internal control into the study of the relationshipbetween the tw0. Through empirical analysis, we find that： the effectiveness of internal control and debt financing costs significantlynegative correlation; accounting fraud and accounting manipulation are two indicators of accounting information distortion and corporatedebt financing costs significantly positive correlation; internal control can significantly inhibit the correlation between accountinginformation distortion and debt financing costs.