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薛依航, 丁胜, 单伟. 林业上市公司会计信息质量对融资约束的影响分析——基于企业生命周期的视角[J]. 中国林业经济, 2023, (2): 115-119. DOI: 10.13691/j.cnki.cn23-1539/f.2023.02.019
引用本文: 薛依航, 丁胜, 单伟. 林业上市公司会计信息质量对融资约束的影响分析——基于企业生命周期的视角[J]. 中国林业经济, 2023, (2): 115-119. DOI: 10.13691/j.cnki.cn23-1539/f.2023.02.019
XUE Yi-hang, DING Sheng, SHAN Wei. Analysis of the Impact of Accounting Information Quality on Financing Constraints of Forestry Listed Companies——Based on the Perspective of Enterprise Life Cycle[J]. China Forestry Economics, 2023, (2): 115-119. DOI: 10.13691/j.cnki.cn23-1539/f.2023.02.019
Citation: XUE Yi-hang, DING Sheng, SHAN Wei. Analysis of the Impact of Accounting Information Quality on Financing Constraints of Forestry Listed Companies——Based on the Perspective of Enterprise Life Cycle[J]. China Forestry Economics, 2023, (2): 115-119. DOI: 10.13691/j.cnki.cn23-1539/f.2023.02.019

林业上市公司会计信息质量对融资约束的影响分析——基于企业生命周期的视角

Analysis of the Impact of Accounting Information Quality on Financing Constraints of Forestry Listed Companies——Based on the Perspective of Enterprise Life Cycle

  • 摘要: 选取2010—2021年中国沪深林业上市公司为研究对象,实证检验林业上市公司处于不同生命周期时会计信息质量对融资约束造成的的影响。结果显示:林业上市公司处于成长期时,会计信息质量与融资约束呈显著负相关;林业上市公司处于成熟期和衰退期时,会计信息质量与融资约束之间的负相关关系不再显著。根据上述研究结果,针对林业上市公司融资难的问题提出了对策建议,鼓励公司通过提高会计信息质量来降低融资约束。

     

    Abstract: At present,China’s listed forestry companies are generally faced with the problem of financing difficulties. The resulting fund gap limits the sustainable development of enterprises,so enterprises need to seek ways to alleviate the financing constraints. This paper selected listed forestry companies in Shanghai and Shenzhen from 2010 to 2021 as the research object to empirically test the impact of accounting information quality on financing constraints of listed forestry companies in different life cycles. The results showed that there was a significant negative correlation between accounting information quality and financing constraints in the growth stage of listed forestry companies. The negative correlation between accounting information quality and financing constraint was no longer significant when listed forestry companies were in maturity and decline. According to the above research results,this paper put forward suggestions for the financing difficulties of listed forestry companies,encouraging companies to reduce financing constraints by improving the quality of accounting information.

     

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