The Empirical Research On The Influence Of Accounting Conservatism On The Debt Financing Cost Of Small And Medium-Sized Plate Enterprises

Since the global financial crisis in 2008,the accounting breakthrough management category,once again become the focus of economists,in paying close attention to the discussion more is on fair value accounting measurement attributes in question,the research of enterprise information robustness.At present the domestic and foreign research focused on the existence of accounting conservatism,motivation,measurement method and economic consequences four aspects,the domestic study of accounting conservatism limitations in existence and influence factors.Our country small and medium-sized enterprises in promoting social employment,increase revenues and play an enormous role in the technology update,etc,but the current our country small and medium-sized enterprises provide financial system service is not yet perfect,information asymmetry,Banks and small and medium enterprises financing facilities not complete,and small and medium-sized enterprise own problems,cause the financing difficulties,financing the plight of the high cost,which seriously affected the vigorous development of small and medium-sized enterprises.Due to the particularity of China's social system,the state intervention to state-owned enterprises,state-owned and non-state-owned enterprises have different degree of difficulty in terms of access to bank loans,the cost of access to bank loans is different.In view of this,based on the years of 2011-2014 data as sample,using statistics and regression method to study the influence of accounting robustness for small and medium-sized enterprise debt financing cost,from the relationship between the robustness and the debt financing cost accounting,further reveals the enterprise of the different nature of the differences in accounting degree of robustness in the process of bank credit,discuss whether has the advantage in terms of debt financing of state-owned enterprises and state-owned and non-state-owned enterprises whether accounting conservatism on the impact on the cost of debt financing has the difference.