Influence Relations Among Institutional Investors, Accounting Information Quality and Financing Constraints

DOI

10.2991/ssmi-19.2019.88How to use a DOI?

Keywords

Institutional investors; accounting information quality; financing constraint.

Abstract

This thesis, adopting Cash-Cash Flow Sensitivity model, based on listed companies in Shanghai and Shenzhen A stock market from 2013 to 2018, makes a study on the effect made by institutional investors on accounting information quality and financing constraints. The results show that: (1) If the shareholding of INR is high, the accounting information quality will be better while the shareholding of INS makes few influences on accounting information quality; (2) The improvement of accounting information quality can help ease the problem of financing constraints; (3) INR cannot obviously improve the easing effect of accounting information quality on financing constraints while INS can obviously lower the easing effect of accounting information quality on financing constraints.

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  - Wei Wu
PY  - 2019/12
DA  - 2019/12
TI  - Influence Relations Among Institutional Investors, Accounting Information Quality and Financing Constraints
BT  - Proceedings of the 2nd International Symposium on Social Science and Management Innovation (SSMI 2019)
PB  - Atlantis Press
SP  - 372
EP  - 380
SN  - 2352-5398
UR  - https://doi.org/10.2991/ssmi-19.2019.88
DO  - 10.2991/ssmi-19.2019.88
ID  - Wu2019/12
ER  -