Accounting Information Comparability and Capital Allocation Efficiency in Business Groups

Abstract

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

CLC Number:

F270.3

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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