The Effect of Corporate Governance on the Relationship between Accounting Quality and Trade Credit: Evidence from Japan
The Effect of Corporate Governance on the Relationship between Accounting Quality and Trade Credit: Evidence from Japan
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DOI：
10.2139/ssrn.3171338
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发表时间：
2018-04
期刊：
影响因子：
--
通讯作者：
M. Enomoto
中科院分区：
文献类型：
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作者：
M. Enomoto
本研究调查了日本企业的持股情况对会计质量与商业信用关系的影响。它关注的是交叉持股和稳定持股，这是日本公司治理的著名特征，作为一种私人信息共享制度。交叉和稳定的股权，会计质量和贸易信用之间的关系进行了测试。研究结果表明，无交叉持股或无稳定持股的客户，其交易信用随会计质量的提高而提高，且这种持股削弱了会计质量与交易信用之间的关系。研究结果表明，一个紧密的联系，以交叉和稳定的股东的结果，通过共享私人信息，降低会计信息的重要性。
This study investigates the effect of shareholdings on the relationship between accounting quality and trade credit in Japan. It focuses on cross- and stable shareholdings, which are well-known features of Japanese corporate governance, as a private information sharing system. The relationship between cross- and stable shareholdings, accounting quality, and trade credit is tested. The results reveal that trade credit of customers without either cross- or stable shareholdings increases with accounting quality and that such shareholdings weaken the relationship between accounting quality and trade credit. The findings suggest that a close tie to cross- and stable shareholders results in reducing the importance of accounting information through sharing private information.