Association Between Borrower and Lender State Ownership and Accounting Conservatism
Association Between Borrower and Lender State Ownership and Accounting Conservatism
复制标题
借款人和贷款人国有制与会计稳健性之间的关联
DOI：
10.1111/j.1475-679x.2010.00385.x
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发表时间：
2010-07
影响因子：
4.4
通讯作者：
Wang, Yanyan
中科院分区：
文献类型：
--
作者：
Chen, Hanwen;Chen, Jeff Zeyun;Lobo, Gerald J.;Wang, Yanyan
摘要本文以中国企业为样本，考察了借款人（企业）和贷款人（银行）国有化与会计稳健性之间的关系。我们假设，国有企业（SOEs）采用较不保守的会计比非国有企业（NSOEs），因为贷款人不太关心国有企业的下行风险比NSOEs。我们还假设了一个负相关关系的保守性和一个公司从国有银行（SB）的总贷款的比例，因为SB有较弱的需求，以保证足够的净资产，以支付贷款偿还比非国有银行（NSB）。我们发现支持这两个假设。进一步分析表明：（1）从商业性SB借款的企业比从政策性SB借款的企业表现出更保守的会计核算;（2）从外资银行或外资银行获得更多贷款的企业采用更保守的会计核算。然而，这些额外分析的结果在一定程度上对会计稳健性的替代措施敏感。版权所有（c），代表芝加哥大学会计研究中心，2010年。
ABSTRACT We examine the association between borrower (firm) and lender (bank) state ownership and accounting conservatism for a sample of Chinese firms. We hypothesize that state-owned enterprises (SOEs) adopt less conservative accounting than non-state-owned enterprises (NSOEs) because lenders are less concerned with downside risk for SOEs than for NSOEs. We also hypothesize a negative relation between conservatism and the fraction of total loans a firm borrows from state-owned banks (SBs) because SBs have weaker demand for assurance of sufficient net assets to cover loan repayments than non-state-owned banks (NSBs). We find support for both hypotheses. Further analyses reveal that: (1) firms that borrow from commercial SBs exhibit more conservative accounting than firms that borrow from policy SBs and (2) firms adopt more conservative accounting as they get more loans from banks with foreign ownership or exclusively foreign banks. However, the results of these additional analyses are to some extent sensitive to alternative measures of accounting conservatism. Copyright (c), University of Chicago on behalf of the Accounting Research Center, 2010.
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DOI：
10.2139/ssrn.227908
发表时间：
2000-05
期刊：
Corporate Finance: Governance
影响因子：
--
作者：
J. Stein
通讯作者：
J. Stein
DOI：
--
发表时间：
1998
期刊：
The American Economic Review
影响因子：
--
作者：
J. Lin;F. Cai;Zhou Li
通讯作者：
J. Lin;F. Cai;Zhou Li
影响因子：
2.5
作者：
L. Leemis
通讯作者：
L. Leemis
DOI：
10.2139/ssrn.414522
发表时间：
2003-05
期刊：
Auditing
影响因子：
--
作者：
R. Watts
通讯作者：
R. Watts
DOI：
10.1002/9781119204763.ch4
发表时间：
1994-02
期刊：
Accounting review: A quarterly journal of the American Accounting Association
影响因子：
--
作者：
Patricia M. Dechow;Richard G. Sloan;A. P. Sweeney
通讯作者：
Patricia M. Dechow;Richard G. Sloan;A. P. Sweeney