The Impact Of Accounting Information Comparability On Enterprise Technology Innovation

With the continuous acceleration of China's reform and opening up process and the implementation of the "going out" strategy,China and the international community are fully integrated,and the competitive environment that the enterprises facing is becoming more and more severe.To achieve sustainable development,we must adhere to the path of innovative development.As a special investment activity,the enterprise's technological innovation investment usually has the characteristics of long investment period,high risk,professionalism and uncertain income.It is more susceptible to information asymmetry and agency problems than other investment activities.The comparability of accounting information is an important part of the quality of accounting information.It can affect the information environment of enterprises to a certain extent.Information users can make more accurate judgment by comparing the operating results and cash flows of target companies and other enterprises.And it can promote the function of accounting information governance and the function of pricing,thus affecting the innovation investment decisions of enterprises.Based on this paper,we will study whether the comparability of accounting information will affect the technological innovation of enterprises,and provide new ideas for improving the technological innovation capability of enterprises and promoting the benign operation of capital markets.Based on the study of the relationship between the comparability of accounting information and technological innovation of enterprises,this paper also explores the differences between the two under different property rights and legal environment.Due to the special institutional background of state-owned enterprises,state-owned enterprises and non-state-owned enterprises are faced with different development environments.Therefore,this paper studies the differences in the impact of accounting information comparability on enterprise technology innovation under different property rights.As one of the external environments of enterprises,the legal environment also has an important impact on the business decision-making activities of enterprises.Therefore,whether there is a difference in the impact of accounting information comparability on enterprise technology innovation in different legal environments is also one of the research contents.In this paper,we analyzed the relationship between accounting information comparability and enterprise technology innovation based on the 2012-2017 Shanghai and Shenzhen A-share main board listed companies through combing the relevant research literature at home and abroad,using the normative research and empirical research.And the paper further analyzed the influence of property rights and legal environment on the relationship between the two.Finally,the conclusions of this paper are drawn and relevant policy recommendations and prospects are put forward.The conclusions of this paper are as follows:(1)Under the same conditions,the comparability of accounting information can promote the technological innovation of enterprises.(2)Compared with state-owned enterprises,the comparability of accounting information in non-state-owned enterprises has a stronger role in promoting technological innovation.(3)There is a substitution effect on the impact of the legal environment and accounting information comparability on enterprise technology innovation.