The Empirical Research on the Relationship of Accounting Quality and Financial Constraints and the Innovation. --Evidence form the Listed Companies in Zhejiang Province

DOI

10.2991/ssmi-18.2019.126How to use a DOI?

Keywords

Accounting information quality; R&D investment; financial constraints.

Abstract

Innovation is meaningful to firm’s competiveness and the sustainable development of the macroeconomic. The quality of accounting information is the indispensable instrument to mitigate the information asymmetry, and innovation plays important role in the process of the maximization of enterprise value. By using the data of listed companies of Zhejiang province, based on the theory that accounting information can mitigate the financial constraints through improving the contract and supervision which can reduce the moral risk and converse option, this paper finally finds accounting information can affect innovation positively through the channel of mitigating the financial constraints, therefore the financial constraint is the one of the mediators between accounting quality and innovation. The finding of this research provides evidence for companies to improve the accounting information to promote innovation and for government to enforce firms to offer high accounting information quality.

Copyright

© 2019, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Wenju Kong
AU  - Qinfeng Xu
AU  - Xiaowen Yuan
PY  - 2019/02
DA  - 2019/02
TI  - The Empirical Research on the Relationship of Accounting Quality and Financial Constraints and the Innovation. --Evidence form the Listed Companies in Zhejiang Province
BT  - Proceedings of the 2018 International Symposium on Social Science and Management Innovation (SSMI 2018)
PB  - Atlantis Press
SP  - 751
EP  - 756
SN  - 2352-5428
UR  - https://doi.org/10.2991/ssmi-18.2019.126
DO  - 10.2991/ssmi-18.2019.126
ID  - Kong2019/02
ER  -