本文对2006～2008年我国A股市场2548个样本公司的盈余管理与银行债务融资成本关系进行了实证考察,研究发现:盈余管理程度越高,企业的融资成本越高;操纵性应计项目为正要比操纵性应计项目为负的融资成本要高。另外,资产报酬率、息税前利息保障倍数等会计信息在银行信贷决策中也具有重要作用。 This paper examines the relationship between earnings management and bank debt financing cost of 2548 sample companies in China’s A-share market from 2006 to 2008. The study shows that the higher the level of earnings management, the higher the financing cost of enterprises. The maneuver accruals are The cost of financing, which is now negative than the maneuvering accruals, is higher. In addition, the return on assets, pre-tax interest protection multiples and other accounting information in the bank credit decision-making also has an important role.