摘要
以2010—2022年房地产上市公司为研究对象,以会计信息可比性作为切入点,研究了房地产企业风险承担水平对债务融资成本的关系影响。研究结果表明:会计信息可比性作为调节变量在房地产企业风险承担水平与债务融资成本的负相关关系中起驱动作用,且两者的负相关关系基于产权性质的不同有所差异。研究结论丰富了企业风险承担水平与债务融资成本的关系理论,并从会计信息可比性视角为房地产企业降低杠杆率、拓宽融资渠道、增强风险管控提供建议。
Taking real estate listed companies from 2010 to 2022 as the research object and using comparability of accounting information as the entry point,this study investigates the relationship between the level of risk-taking of real estate enterprises and the cost of debt financing.The research results indicate that the comparability of accounting information plays a driving role as a moderating variable in the negative correlation between the risk-taking level of real estate enterprises and the cost of debt financing.And the negative correlation between the two varies depending on the nature of property rights.The research conclusion enriches the theory of the relationship between enterprise risk-taking level and debt financing costs,and provides suggestions for real estate enterprises to reduce leverage,expand financing channels,and enhance risk control from the perspective of comparability of accounting information.
作者
潘宏婷
陈奕璞
刘亚臣
PAN Hongting;CHEN Yipu;LIU Yachen(School of Management,Shenyang Jianzhu University,Shenyang 110000,China)
出处
《商业观察》
2024年第26期21-25,29,共6页
BUSINESS OBSERVATION
基金
国家社会科学重点项目(22AGL036)。
关键词
房地产上市公司
债务融资成本
企业风险承担水平
会计信息可比性
real estate listed companies
debt financing costs
capacity of enterprise risk-taking
comparability of accounting information
