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债务企业会计信息是银行贷款决策时的关键依据,实践中银行对于债务企业盈余质量的关注也是影响债务市场效率的重要因素。基于此,本文利用上市公司样本探讨债务企业盈余质量对银行贷款利率、期限结构的影响,研究发现债务企业盈余质量越高时,贷款利率越低,贷款期限越长。进一步分析表明,盈余质量与企业债务违约率显著相关,也就是说,盈余质量有助于银行预测债务违约,由此揭示了银行在贷款决策中关注债务企业盈余质量的内在机理。
Debt accounting information is the key basis for bank loan decision-making. In practice, the concern of banks about the quality of debt corporate earnings is also an important factor affecting the debt market efficiency. Based on this, this paper uses the sample of listed companies to explore the impact of debt corporate earnings quality on the interest rate and maturity structure of bank lending. The higher the debt corporate earnings quality, the lower the loan interest rate and the longer the loan term. Further analysis shows that the earnings quality is significantly related to the default rate of corporate debt. That is to say, the earnings quality helps banks predict the debt default, revealing the intrinsic mechanism by which banks focus on the earnings quality of debt-based enterprises in their loan decisions.