Monetary Policy?Accounting Information Comparability And Financing Structure Adjustment

In the current macroeconomic policy and financing environment of the market in China,the impact of macroeconomic policies on microenterprises has attracted more and more scholars' attention.But,from the existing literature,Main research focuses on the monetary policy transmission mechanism,the influence of monetary policy on equity financing,and monetary policy on the impact of financing structure,the accounting information quality impact on financing costs and quality of accounting surplus to the impact of financing structure adjustment.The research on the influence of monetary policy and accounting information comparability on the adjustment of financing structure lacks relevant literature.So through the study of the empirical analysis of the data of listed companies,trying to expand and expand on this,how to provide theoretical basis and empirical evidence for macroeconomic policies to influence enterprises' micro-economic behavior,and clarify the role of accounting information comparability in macroeconomic policy transmission to microeconomic behavior.For the above reasons,literature analysis and empirical method were adopted,based on A-share listed companies as research samples in the paper,studying monetary policy and the comparability of accounting information how to influence dynamic adjustment of capital structure.The results prove that high quality of accounting information comparability can promote the adjustment of capital structure significantly,make the adjustment speed rise.And When the comparability improves,the effect will bigger.Further analysis,when the monetary policy is loose,accounting information comparability can improve the adjustmentspeed of capital structure more obviously.When the monetary policy is constrictive,accounting information comparability can improve adjusting speedapparently.So,regulators should require companies to improve the accounting information in order to promote the development of the capital structure and improve the adjustmentspeed of capital structure.The study of this article enriches the relationship between macroeconomic policies and micro economic behavior.It enriches the research literature on the relationship between macroeconomic policy,the quality of accounting information and micro economic behavior.It will provide theoretical support and empirical evidence for the regulatory authorities to strengthen the quality supervision of accounting information,optimize macroeconomic transmission and resource allocation.