会计信息可比性影响企业创新吗

发布时间：2018-03-14 08:08

本文选题：会计信息可比性　切入点：企业创新　出处：《南开管理评论》2017年04期 　论文类型：期刊论文

【摘要】：企业创新不仅是自身竞争优势的保障,更是一国经济增长的源泉。但受制于资本市场摩擦,企业的创新意愿及获取创新资源的能力往往都低于最优水平。利用2004—2013年A股上市公司的数据,本文研究了会计信息质量的可比性特征是否有助于克服市场摩擦,促进企业创新。研究发现:(1)会计信息可比性与企业创新显著正相关;(2)随着信息不对称程度的增强、股东与经理人代理冲突的加剧、企业融资约束水平的提高及经理人职业忧虑程度的增加,二者的正相关关系更显著。表明会计信息可比性是影响企业创新的一个重要因素,且通过降低信息不确定性抑制经理人的机会主义行为(尤其是由职业忧虑诱发的短视行为)及缓解企业融资约束是促进企业创新的关键途径。本文的研究对于全面认识会计信息可比性在资本市场上的作用、促进企业创新、推动经济持续健康发展具有重要的理论及现实意义。
[Abstract]:Enterprise innovation is not only the guarantee of one's own competitive advantage, but also the source of a country's economic growth. Enterprises' willingness to innovate and their ability to obtain innovative resources are often lower than the optimal level. Using the data of A-share listed companies from 2004-2013, this paper studies whether the comparable characteristics of accounting information quality can help to overcome market friction. The study found that the comparability of accounting information is significantly positively correlated with enterprise innovation. (2) with the increase of information asymmetry, the conflict between stockholders and managers becomes more and more serious. The improvement of financial constraint level and the increase of professional anxiety of managers have a more significant positive correlation between them, which indicates that the comparability of accounting information is an important factor that affects the innovation of enterprises. Furthermore, reducing information uncertainty to restrain managers' opportunistic behavior (especially short-sighted behavior induced by professional anxiety) and to ease corporate financing constraints are the key ways to promote enterprise innovation. Recognizing the role of comparability of accounting information in the capital market, It is of great theoretical and practical significance to promote enterprise innovation and sustainable and healthy economic development.
【作者单位】：中央财经大学会计学院;中国人民大学商学院;山西财经大学会计学院;
【基金】：国家自然科学基金项目(71602197) 教育部人文社会科学研究青年基金项目(15YJC630044)资助
【分类号】：F273.1;F275

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