Research On The Influence Path Of Accounting Information Quality On Technical Innovation

The economic value brought by technological innovation plays a great role in the environment of rapid development of China's market.How to improve the level of technological innovation has become a concern of stakeholders.In view of the characteristics of large capital demand,low exclusivity and long payback period in the initial stage of technological innovation,enterprises tend to ignore technological innovation.At the same time,the overall level of accounting information quality of Chinese enterprises is relatively low,which makes it impossible to control the negative influence of information asymmetry and principal-agent problems,which makes the quality of accounting information become an important factor hindering the improvement of technological innovation level of enterprises.Therefore,how accounting information quality influences technological innovation and the regulatory factors of these conduction paths need to be further studied.Firstly,after sorting out and summarizing the researches of scholars,this paper defines the connotation of accounting information quality,technological innovation and path factors,and puts forward theoretical assumptions after theoretical analysis based on information asymmetry theory and principal-agent theory.Then 9885 sample data were selected from China's shenzhen and Shanghai a-shares from 2011 to 2017 for empirical research.In the relevant variables,on the basis of comparing the measure methods of establishing accounting information quality through corporate governance,financing constraints and capital allocation efficiency three conduction path affect technical innovation and the ultimate nature of equity in the accounting information quality through three transmission path influence the mechanism of technology innovation in the multivariate linear regression model,give play to the role of regulation at the same time to take A regulating intermediary effect for the model testing procedures.After empirical analysis it is concluded that the corporate governance,financing constraints,the capital allocation efficiency three conduction paths can affects the quality of accounting information technology innovation mechanism play a partial mediation effect and the ultimate nature of equity play a negative regulation role in corporate governance path,plays positive regulatory role in financing constraints path,path in the capital allocation efficiency play a negative regulatory role of the results;Finally,based on the analysis of the empirical results,policy Suggestions are proposed for enterprises,investors and management departments.This paper systematically studies how accounting information quality influences technological innovation and whether the ultimate ownership property can play a regulating role in the mechanism.To some extent,it fills the gap of economic consequences of accounting information quality,expands and refines the research on influencing factors of technological innovation,and deepens the mechanism of accounting information quality influencing technological innovation.In addition,it is of practical significance for stakeholders to take measures to improve the level of technological innovation.