Research On The Impact Of Accounting Robustness On The Debt Cost Of Science And Technology Listed Companies In China

Accounting information is an important way to understand the company’s financial position, operating results and solvency, and provide sufficient guarantee for the effective development of the debt contract.Under the adverse impact of information asymmetry, the creditor will also require the company to provide real and reliable financial information to protect their own interests, and increase the demand for accounting conservatism.Accounting conservatism is one important principle in enterprise accounting,which is widely used.Currently, as far as the listed companies in our country, the main financing source is equity financing and debt financing. Only through equity financing has been unable to meet the daily needs of enterprise capital operation,Thus the debt financing is favored. Although there are many factors affects the financing efficiency, the key factor is the cost of debt, The cost of debt directly affect the company’s financial position and operating results.This paper,from the perspective of the cost of debt, firstly,studying the stock market listing Corporation correlation, then taking the technology listing Corporation as the object of study, research the effect of accounting conservatism on the debt of our country forestry listing corporation in order to provide reference for the makers of the accounting system, while also providing advice to select accounting system for listed companies.In this paper, theoretical analysis is based on empirical analysis on this basis, using the company in 2014 in Shanghai and Shenzhen-listed for the study.The paper studies the effects of accounting conservatism on the cost of debt.