%0 Journal Article
%T Accounting Conservatism and Private Enterprise Debt Financing Research
%A Weihua Zhang
%J Open Journal of Accounting
%P 15-25
%@ 2169-3412
%D 2023
%I Scientific Research Publishing
%R 10.4236/ojacct.2023.122002
%X Under the current situation that the debt financing
market has not yet been marketized, the close relationship between state-owned
enterprises and the government reduces the utility of accounting information on
debt contracts, but the accounting information of private enterprises plays a
greater role in debt contracts, and can clearly show the economic effect of accounting
robustness on debt contracts. To study the impact of accounting soundness on </span></span><span><span><span style=\"font-family:&quot;\">corporate debt financing from the perspective of
property rights, we can</span></span></span><span><span><span style=\"font-family:&quot;\"> </span></span></span><span><span><span style=\"font-family:&quot;\">combine the characteristics of China¡¯s institutional
environment and corporate governance to supplement theoretical analysis and
empirical evidence on the </span></span></span><span><span><span style=\"font-family:&quot;\">e</span></span></span><span><span><span style=\"font-family:&quot;\">conomic consequences of accounting soundness. The
research conclusion</span></span></span><span><span><span style=\"font-family:&quot;\"> proves the positive
correlation between accounting soundness and debt financing of private
enterprises, and hopes to provide an empirical basis for private en</span></span></span><span><span><span style=\"font-family:&quot;\">terprises in urgent need of external financing. Improving the soundness
of accounting is a new idea for private enterprises to obtain bank loans to
solve the problem of financing difficulties.
%K Empirical Analysis of Accounting Robustness
%K Corporate Debt Financing
%K Property Rights Perspective
%U http://www.scirp.org/journal/PaperInformation.aspx?PaperID=124270