Research On The Influence Of Accounting Conservatism Of Private Listed Companies On Financing Efficiency

Accounting conservatism,as one of the requirements of the accounting information quality,get the attention of investors,because accounting conservatism can prevent principal-agent problems.It also makes up for the asymmetry of the debt contract and reduces the information asymmetry of contract both sides risk signals in a timely manner.In today's economic globalization,Banks and other financial institutions is strengthening risk prevention,improving the loan threshold to listed corporation,and hindering the financing efficiency of listed corporation.This article from the perspective of improving accounting conservatism,lists companies accounting conservatism on the financing efficiency.The effect of positive suggestions is to improve the listed corporation efficiency's problem.This paper uses principal component analysis and regression model to analyze the private listed companies.First of all,the research perspective of this paper is obtained by combing the domestic and foreign literature.It also expounds the concept of private listed company accounting conservatism financing efficiency as well as the related theory,which laid a foundation for subsequent is second,to improve the environment of the corporation financing efficiency.And from the cost of financing and capital structure governance structure of listed corporation,five Angle analysis the overall situation,which promotes efficiency of financing obstacles.Then,using principal component analysis building the appraisal model of financing efficiency and arrange the financing efficiency.Private listed firms is calculated again in this paper.The financing efficiency of the accounting robustness control variable of descriptive statistical correlation analysis and regression analysis.the study found that accounting conservatism and financing efficiency is positively related to relationship.And the selection of sample points and regression analysis to get the second industry of accounting conservatism on the financing efficiency effects significantly.According to the research hypotheses and empirical test,this paper concluded that comprehensive conclusion of this paper.A reasonable level of accounting empirical result is to improve the financing efficiency of listed private enterprises.From the perspective of strengthening investors' awareness of accounting conservatism,enhancing the application of accounting conservatism,optimizing capital structure,widening financing channels and improving governance mechanism,this paper proposes reasonable countermeasures to improve the financing efficiency of private listed companies.