企业集团内部会计信息可比性与资本配置效率

当代财经 ›› 2022, Vol. 0 ›› Issue (3): 126-139.

企业集团内部会计信息可比性与资本配置效率

曙光, 马忠, 王龙丰

北京交通大学经济管理学院,北京 100044

收稿日期:2021-09-08 出版日期:2022-03-15 发布日期:2022-03-31
通讯作者: 曙光,北京交通大学博士研究生,主要从事集团治理与集团财务研究,联系方式16113151@bjtu.edu.cn;
作者简介:马忠,北京交通大学教授,博士,主要从事公司治理与资本市场研究;王龙丰,北京交通大学博士研究生,主要从事公司财务研究。
基金资助:
北京市社会科学基金项目“北京市国有企业集团资本优化配置与产业转型升级研究”（19GLB021）

Accounting Information Comparability and Capital Allocation Efficiency in Business Groups

SHU Guang, MA Zhong, WANG Long-feng

Beijing Jiaotong University, Beijing 100044, China

Received:2021-09-08 Online:2022-03-15 Published:2022-03-31

摘要/Abstract

摘要： 以企业集团内部成员企业间的会计信息可比性为视角,考察了企业集团内部成员企业间的会计信息可比性对集团资本配置效率的影响。研究发现：企业集团内部成员企业之间的会计信息可比性越高,集团资本配置效率也越高;企业集团多元化经营程度越高,集团内部成员企业间会计信息可比性对集团资本配置效率的提升作用越明显。进一步研究发现：终极控制人两权分离程度高会弱化集团内部成员企业间会计信息可比性对资本配置效率的正向影响。

关键词: 会计信息可比性, 企业集团, 资本配置效率, 多元化, 会计系统

Abstract: From the perspective of accounting information comparability among the members in the business groups, this paper investigates the impact of the accounting information comparability among the members in the business group on the capital allocation efficiency of the group. The findings show that the higher the accounting information comparability among the group members, the higher the capital allocation efficiency in the business group will be. The higher the degree of diversified operation of the business group, the more significant the role of the accounting information comparability in the business group in promoting the group capital allocation efficiency will be. The results of further research show that the higher degree of the separation of the ownership and control rights of the ultimate controllers will weaken the positive impact of the accounting information comparability among the group members on the capital allocation efficiency.

Key words: accounting information comparability, business groups, capital allocation efficiency, diversification, accounting systems

中图分类号:

F270.3

曙光, 马忠, 王龙丰. 企业集团内部会计信息可比性与资本配置效率[J]. 当代财经, 2022, 0(3): 126-139.

SHU Guang, MA Zhong, WANG Long-feng. Accounting Information Comparability and Capital Allocation Efficiency in Business Groups[J]. Contemporary Finance & Economics, 2022, 0(3): 126-139.

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