مشخصات مقاله | |
ترجمه عنوان مقاله | استانداردهای تایید وام بانکی و محافظه کاری حسابداری شرکت: شواهدی از چین |
عنوان انگلیسی مقاله | Bank loan approval standards and firms’ accounting conservatism: Evidence from China |
نشریه | الزویر |
انتشار | مقاله سال ۲۰۲۴ |
تعداد صفحات مقاله انگلیسی | ۱۷ صفحه |
هزینه | دانلود مقاله انگلیسی رایگان میباشد. |
نوع نگارش مقاله |
مقاله پژوهشی (Research Article) |
مقاله بیس | این مقاله بیس نمیباشد |
نمایه (index) | Scopus – Master Journals List – JCR |
نوع مقاله | ISI |
فرمت مقاله انگلیسی | |
ایمپکت فاکتور(IF) |
۸٫۰۱۱ در سال ۲۰۲۲ |
شاخص H_index | ۶۳ در سال ۲۰۲۳ |
شاخص SJR | ۱٫۲۷۳ در سال ۲۰۲۲ |
شناسه ISSN | ۰۲۷۵-۵۳۱۹ |
شاخص Quartile (چارک) | Q1 در سال ۲۰۲۲ |
فرضیه | ندارد |
مدل مفهومی | ندارد |
پرسشنامه | ندارد |
متغیر | دارد |
رفرنس | دارد |
رشته های مرتبط | حسابداری – مدیریت |
گرایش های مرتبط | حسابداری مالی – مدیریت مالی – بانکداری |
نوع ارائه مقاله |
ژورنال |
مجله | Research in International Business and Finance – تحقیق درباره کسب و کار و مالی بین المللی |
دانشگاه | Jilin University, China |
کلمات کلیدی | استانداردهای تایید وام بانکی، محافظه کاری حسابداری، ریسک اعتبار، حقوق مالکیت، سابقه اجرایی بانک |
کلمات کلیدی انگلیسی | Loan approval standards, Accounting conservatism, Credit risk, Property rights, Executive bank background |
شناسه دیجیتال – doi |
https://doi.org/10.1016/j.ribaf.2023.102100 |
لینک سایت مرجع | https://www.sciencedirect.com/science/article/abs/pii/S027553192300226X |
کد محصول | e17603 |
وضعیت ترجمه مقاله | ترجمه آماده این مقاله موجود نمیباشد. میتوانید از طریق دکمه پایین سفارش دهید. |
دانلود رایگان مقاله | دانلود رایگان مقاله انگلیسی |
سفارش ترجمه این مقاله | سفارش ترجمه این مقاله |
فهرست مطالب مقاله: |
Abstract ۱ Introduction ۲ Literature review and theoretical analysis ۳ Data and variables ۴ Empirical results ۵ Heterogeneity analysis ۶ Conclusions Declaration of Competing Interest Acknowledgment and Funding References |
بخشی از متن مقاله: |
Abstract We examine the correlation between bank loan approval standards and accounting conservatism. Using the bank loan approval index in the People’s Bank of China as measure of loan standard, we show that accounting conservatism improves when bank loan approval standards are tightened. We then conduct further tests to address the endogeneity and robustness, yielding highly consistent results. Finally, both ownership and the banking connection significantly moderate the relationship between bank loan approval standards and accounting conservatism. Our findings provide policy implications on controlling loan approval standards, which may effectively reduce credit risks and promote accounting conservatism.
Introduction Credit risk uncertainty for banks has increased since the global financial crisis in 2008 and the 2019 outbreak of the Coronavirus disease 2019 (COVID-19) pandemic. This heightened credit risk uncertainty has led commercial banks to focus more on loan issuance, increasing difficulties for enterprises to secure financing (Goodell, 2020). From the perspective of commercial banks, enterprise solvency is a crucial factor in determining whether to lend, reflected in the disclosure of accounting information. Accounting conservatism, an important indicator of accounting information quality, is often considered to reduce credit risks for commercial banks when approving loans. From the perspective of enterprises, bank loan approval standards indicate the availability of loans and determine the loan interest rate and amount, which directly affect the financing costs of enterprises. Therefore, exploring the influence of bank loan approval standards on enterprises’ accounting conservatism can reduce information asymmetry between commercial banks and enterprises, decrease credit risk for commercial banks, and help high-quality enterprises obtain more credit support.
This study examines the relationship between bank loan approval standards and corporate accounting conservatism to fill the research gap. Previous studies mainly examine the measurement method of accounting conservatism (Basu, 1997), the causes (Watts, 2003), the determinant factors (Shaw et al., 2021), and the economic consequences (Bonetti et al., 2017). Among them, the earnings-stock return measurement method proposed by Basu (1997) is the most widely used, and its measurement results are more accurate than other measurement methods. Other scholars have also adopted the accrual and NI models based on the accrual basis proposed by Ball and Shivakumar (2005). Watts (2003) found that most extant studies focus on contractual relationships, shareholder litigation, accounting control, and government tax, among which debt contract is the most concentrated research.
Conclusions This paper presents an empirical analysis of the impact of bank loan approval standards on firms’ accounting conservatism. The research findings reveal the following insights. ۱٫ Bank loan approval standards can affect firms’ accounting conservatism, and these two variables have a significant negative correlation. As bank loan approval standards increase in stringency, commercial banks exhibit a declining willingness to lend, consequently reducing the success rate of enterprise loan approvals. To obtain the required loans, enterprises must enhance the quality of accounting information and improve accounting conservatism.
۲٫ State-owned enterprises demonstrate a higher level of accounting conservatism. State-owned enterprises possess unique characteristics and relatively strong creditworthiness, resulting in lower credit risks for banks than non-state-owned enterprises. Given their social responsibilities, capital requirements, and the desire to maintain favorable access to bank loans, state-owned enterprises proactively adopt more robust financial reporting methods to ensure higher-quality accounting information.
۳٫ The background of senior executives in the banking sector can influence the integrity of corporate accounting practices to a certain extent. When corporate executives possess banking experience, their inclination toward accounting conservatism tends to be weaker than executives from other industries. Executives with banking experience foster higher trust between banks and enterprises, leading to relaxed lending requirements and expanded loan availability. As a result, accounting conservatism decreases in these circumstances. |