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以中国证券市场2004~2006年期间的上市公司为样本,基于修正的DD模型,对会计信息风险进行了度量,考察了公司财务特征与会计信息风险之间的关系。研究发现,公司成长机会、财务杠杆和财务困境对会计信息风险有显著为正的影响,而资产有形性、公司规模和经营现金流对会计信息风险有显著为负的影响。
Taking the listed companies in the Chinese securities market from 2004 to 2006 as a sample, this paper measures the accounting information risk based on the modified DD model and examines the relationship between the company’s financial characteristics and accounting information risk. The study found that the growth opportunities, financial leverage and financial distress of the company have a significant positive impact on the accounting information risk, while the asset tangibleity, company size and operating cash flow have a significant negative impact on the accounting information risk.