行业披露制度对会计估计强度的影响?*

IF 1.5 4区 经济学 Q2 BUSINESS, FINANCE
Wang Shengnian, Hou Danyang, Liu Ying
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引用次数: 0

摘要

本研究以中国证券交易所披露准则为研究对象,采用准自然实验的方法,构建了差异中差异模型,考察了特定行业的披露监管对会计估计强度的影响。结果表明,由于更好的信息可比性和更严格的审计监督,这些规定降低了强度。对于治理薄弱、行业竞争较弱或远离监管机构的公司,这种影响更大。测试还发现,此类监管降低了资本成本。研究结果对完善发展中经济体的监管框架和资本市场改革具有启示意义。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
Does Industry-specific Disclosure Regulation Affect Accounting Estimation Intensity?*

This study uses China's stock exchange disclosure guidelines in a quasi-natural experiment to build a difference-in-differences model, examining how industry-specific disclosure regulation affect accounting estimation intensity. The results show these regulations reduce intensity due to better information comparability and stricter auditor oversight. The effect is stronger for firms with weak governance, in less competitive industries, or far from regulators. Tests also find such regulation lowers capital costs. The findings have implications for refining regulatory frameworks and capital market reforms in developing economies.

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来源期刊
CiteScore
2.60
自引率
20.00%
发文量
36
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