风险投资对会计信息可比性的影响及其作用机制研究

财经论丛 ›› 2019, Vol. 35 ›› Issue (4): 71-80.

风险投资对会计信息可比性的影响及其作用机制研究

李璐, 姚海鑫

辽宁大学商学院,辽宁沈阳 110036

收稿日期:2018-09-06 出版日期:2019-04-10 发布日期:2019-04-11
作者简介:李璐(1987-),女,辽宁沈阳人,辽宁大学商学院博士生;姚海鑫(1962-),男,辽宁锦州人,辽宁大学商学院教授。
基金资助:
辽宁省社会科学规划基金一般项目(L17BGL006)

A Study on the Effects and Mechanisms of Venture Capitalon the Accounting Information Comparability

LI Lu, YAO Haixin

School of Business, Liaoning University, Shenyang 110036, China

Received:2018-09-06 Online:2019-04-10 Published:2019-04-11

摘要/Abstract

摘要： 本文以2007~2016年我国A股上市公司为样本,考察风险投资对会计信息可比性的影响效应及作用机制。研究发现:风险投资的参与显著提升了被投资企业的会计信息可比性;且其控制属性和联合属性对会计信息可比性的提升效应更明显。进一步探讨作用机制发现,风险投资的参与一方面能够抑制被投资企业管理层的信息披露操纵倾向,另一方面能够为被投资企业提供更丰富的行业资源和经验,规范企业会计政策选择和会计行为,进而提高会计信息可比性。

关键词: 风险投资, 会计信息可比性, 监督假说

Abstract: Using a sample of A-share listed companies from 2007 to 2016, this paper investigates how the venture capital affects accounting information comparability and further explores the specific channel and path. It is found that the participation of venture capital has significantly improved the accounting information comparability of the invested companies and that the control attribute and the joint attribute of the venture capital have a stronger effect on the accounting information comparability. By further exploring the mechanism of venture capital on the accounting information comparability, it reveals that on the one hand, the participation of venture capital can restrain the information disclosure manipulation tendency of the management, while on the other hand, the venture capital can provide enterprises with richer industry resources and experience, standardize the accounting policy choices and accounting behaviors of enterprises, thus improving the accounting information comparability.

Key words: Venture Capital, Accounting Information Comparability, Monitoring Hypothesis

中图分类号:

F234.4

李璐, 姚海鑫. 风险投资对会计信息可比性的影响及其作用机制研究[J]. 财经论丛, 2019, 35(4): 71-80.

LI Lu, YAO Haixin. A Study on the Effects and Mechanisms of Venture Capitalon the Accounting Information Comparability[J]. , 2019, 35(4): 71-80.

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