货币政策、债务融资与会计稳健性研究:中国A股上市公司的经验证据  

Monetary Policy,Bebt Financing and Accounting Conservatism Research:Based on the Empirical Evidence of A-shares' Listed Companies in China

作　　者：汪猛[1] 

机构地区：[1]浙江工业职业技术学院经济管理学院,浙江绍兴312000

出　　处：《贵州财经学院学报》2013年第2期55-62,共8页Journal of Guizhou College of Finance and Economics

基　　金：浙江工业职业技术学院校级课题"宏观经济政策与会计稳健性研究"(项目编号:1097402042012030)的阶段性研究成果

摘　　要：从宏观经济政策角度研究其与会计稳健性的相关性,即将宏观经济政策与微观企业行为结合起来,是值得探索的领域。以中国沪深A股上市公司2008-2011年的数据为研究样本,采用应计-现金流模型研究了货币政策紧缩期的会计稳健性强弱以及债务融资对会计稳健性的影响,研究结果显示:货币政策紧缩期会计稳健性更强、上市公司债务比例高则会计稳健性反而减弱。To study the relativity between macroeconomic policy and accounting conservatism from the angle of macroeconomic policy, namely combining macroeconomic policy with microcosmic behavior of enterprises, is worth exploring in this field . In this article, I has used the data of A-shares＇ listed companies in Shanghai and Shenzhen Stock Exchange in China as the research samples during the period of 2008--2011, the strength and weakness of accounting conservatism has been studied during the monetary policy tightening cycle and the effect of debt financing on accounting conservatism has been researchde by using accrued-cash flow model. The results showed that the accounting conservatism is stronger during tighter period of monetary policy and the debt ratio of listed corporations is higher, but accounting conservatism is more weakened.

关 键 词：货币政策 债务融资 会计稳健性 

分 类 号：F230[经济管理—会计学]