The Study On The Influence Of Heterogeneous Debt On Accounting Conservatism Under Internal Control Quality Regulation

Accounting conservatism is one of the requirements of accounting information quality.With the development of economy,accounting conservatism has become more and more important in corporate governance.Creditors can achieve the demand of account ing conservatism through debt contract,and then realize the governance effect of creditors.In recent years,the number of private listed companies in China is increasing,which is an integral part of the market economy.This paper studies three aspects of the heterogeneous debt of private listed companies: the impact of debt scale,debt maturity and debt source on accounting conservatism,improving the perspective of debt research;and the impact of heterogeneous debt on accounting conservatism under the effect of internal control quality regulation The mechanism provides a theoretical basis for enterprises to improve their internal control quality.According to the research content of this paper,K-means clustering analysis and multiple linear regression analysis are used.Firstly,this paper introduces the background and significance of the research,reviews the relevant literature,and finds the shortcomings of the existing research.Secondly,it defines the heterogeneous debt,accounting conservatism and the related concepts of regulating variable internal control quality,and introduces the principal-agent theory,information asymmetry theory,signal transmission theory,reputation theory and debt governance theory,the above concepts and theories lay a theoretical foundation for the study of this paper.Thirdly,through K-means cluster analysis,the existence of heterogeneous of debt sources is confirmed;Based on the above theoretical research,the research hypotheses are put forward respectively on the impact of heterogeneous debt of private listed companies on accounting conservatism and the mechanism of the impact of heterogeneous debt of private listed companies on accounting conservatism under the regulation of internal control quality;1179 listed companies in recent five years are taken as the research samples,through the search and analysis of the data in the past five years,we get 5895 observations;and then construct an empirical model to test the above hypothesis;The results show that heterogeneous debt has governance effect on accounting conservatism,and the quality of internal control can positively regulate the impact of heterogeneous debt on accounting conservatism.Finally,on the basis of the above research,based on the perspective of creditors,we should improve the awareness of self risk protection of creditors,based on the perspective of debtors,we should rationalize the debt structure,consciously accept the supervision of creditors,and from the perspective of improving the quality of internal control of enterprises,we should put forward countermeasures and suggestions to improve the debt governance effect and thus improve the accounting conservatism.