With the development of the financial markets, the company’s financing channelsgradually increased, but bank loans are still the primary means of corporate finance. Therefore,there is a lot of research is concerned about the impact of bank credit decisions factors. Moststudies have focused on the financial factors and earnings quality, timely disclosure ofaccounting information and has not been a systematic study. Disclosure of informationincrease the transparency of the company, according to scholars study,"The good news early,bad news late" has been proven many times, timely disclosure of corporate accountinginformation will be more favored by the bank, to obtain more loans and lower borrowingcosts. Firstly, Annual Report Disclosure Delay as timeliness of proxy variables, this paper usemultiple regression analysis to verify the timeliness of accounting information disclosure ofthe total bank loans and loan costs. Bank loans have the two classifications, which is dividedinto long-term loans and short-term loans, credit loans and secured loans. Due to short-termloans and guarantees loans for banks, with less risk, disclosure timeliness have less impact forthem. This article focuses on the analysis of long-term loans and credit, to verify whether thedisclosure of accounting information timeliness have different effects on different types ofloans, and whether it will affect the bank credit decisions. |