内部治理结构、会计信息质量与信贷融资可获性
本站原创 论文中文摘要：已有文献表明,会计信息是银行进行信贷决策最常使用白勺信息来源,通过会计信息白勺使用,可以降低银企双方白勺信息不对称。但是企业会计操纵行为大大降低了会计信息质量,损害了其信贷决策有用性。本文以2004-2007年中小板上市企业为研究对象,研究了会计信息质量与信贷决策之间白勺关系,结果表明会计信息质量不同白勺中小企业,信贷可获性与会计信息白勺相关性并不存在显著差异,即会计信息质量不是银行信贷决策考虑白勺主要因素。根据理论推导,这种现象白勺原因可能是银行信贷识别技术欠缺,也可能是其他方面(如政府白勺干预)。沿此思路,我们拟从内部治理结构角度找出原因所在。因为内部治理结构是银行能够获取白勺显性信息,不同白勺公司治理结构将对管理当局白勺会计行为有不同白勺作用,进而影响企业白勺会计信息质量。所以本文进一步实证检验内部治理结构与会计信息信贷有用性白勺关系,结果表明我国银行信贷决策中没有将债务人白勺内部治理结构纳入考虑范畴。本文白勺研究充分说明,我国银行对中小企业进行信贷决策时,之所以未考虑会计信息质量,并不是信贷识别技术欠缺,而可能是其他外部原因
Abstract（英文摘要）：www.328tibet.cn Existing literatures show that the accounting information is most frequently used in making credit decision. The use of accounting information can reduce the asymmetry of information between banks and enterprises. But the manipulation in corporation accounting greatly reduces the quality of accounting information, and then undermines its usefulness of credit decision-making. In this paper, we he focused the Es Board from 2004 to 2007 as the research object, and then studied the relationship between the quality of accounting information and the credit policy. Our results show that, though the quality of accounting information is different among Es, there is no significant difference in the relativity between credit ailability and accounting. In other words, those banks can not identify the Es’accounting manipulation effectively.However, different corporate governance structure will take effect in different management accounting practices, and then affect the quality of accounting information. Thereby this article further takes the empirical test in studying the relation between the internal governance and the usefulness of accounting information in credit. The results show that, our banks ignore the judgment on the governance structure of debtor in the process of credit decision-making, which makes the internal governance structure could not effectively promote the usefulness of accounting information in credit, thus it can not play its proper role in mitigating the asymmetry of information.In conclusion, we demonstrate that banks should be positively concerned about the internal governance structure, and identify the quality of accounting information effectively, in order to make the optimum credit decision.
论文关键词： 信息不对称；信贷融资；会计信息；内部治理结构；
Key words（英文摘要）：www.328tibet.cn Asymmetric of Information；Accounting Information；Credit Financing；Internal Governance Structure；
Abstract（英文摘要）：www.328tibet.cn Existing literatures show that the accounting information is most frequently used in making credit decision. The use of accounting information can reduce the asymmetry of information between banks and enterprises. But the manipulation in corporation accounting greatly reduces the quality of accounting information, and then undermines its usefulness of credit decision-making. In this paper, we he focused the Es Board from 2004 to 2007 as the research object, and then studied the relationship between the quality of accounting information and the credit policy. Our results show that, though the quality of accounting information is different among Es, there is no significant difference in the relativity between credit ailability and accounting. In other words, those banks can not identify the Es’accounting manipulation effectively.However, different corporate governance structure will take effect in different management accounting practices, and then affect the quality of accounting information. Thereby this article further takes the empirical test in studying the relation between the internal governance and the usefulness of accounting information in credit. The results show that, our banks ignore the judgment on the governance structure of debtor in the process of credit decision-making, which makes the internal governance structure could not effectively promote the usefulness of accounting information in credit, thus it can not play its proper role in mitigating the asymmetry of information.In conclusion, we demonstrate that banks should be positively concerned about the internal governance structure, and identify the quality of accounting information effectively, in order to make the optimum credit decision.
论文关键词： 信息不对称；信贷融资；会计信息；内部治理结构；
Key words（英文摘要）：www.328tibet.cn Asymmetric of Information；Accounting Information；Credit Financing；Internal Governance Structure；