Quality of Accounting Information Disclosure and Debt Financing Cost: Literature Review

Wu Fangyuan; Li Ying

doi:doi:10.11648/j.ijafrm.20200504.13

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Quality of Accounting Information Disclosure and Debt Financing Cost: Literature Review

Wu Fangyuan, Li Ying

Published in International Journal of Accounting, Finance and Risk Management (Volume 5, Issue 4)

Received: 8 November 2020 Accepted: 17 November 2020 Published: 23 November 2020

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Abstract

This paper mainly summarizes the domestic and foreign literature on accounting information and debt financing to analyze the impact of accounting information disclosure on debt financing cost. In the case of rapid changes in the external environment, it is a critical moment for companies to adapt to the environment and survive. In this context, if an enterprise wishes to survive, it must find a way of survival suitable for its development according to its actual situation. However, the survival of some companies is facing a serious crisis. To stimulate their potential and ensure their long-term progress, companies must seek external help. Therefore, debt financing activities have become the first choice for companies. When an enterprise conducts external financing, it must present the accounting information disclosed by the enterprise to the relevant external creditors. Creditors use this to understand the various conditions of the enterprise and use this as the basis for investment. Only high-quality accounting information disclosure can win the trust of relevant external investors, reduce debt financing costs, and obtain more financing. Based on this, this article combs、summarizes and analyzes the relevant literature on the relationship between the quality of accounting information disclosure and the cost of debt financing, and proposes some shortcomings and prospects.

Published in	International Journal of Accounting, Finance and Risk Management (Volume 5, Issue 4)
DOI	10.11648/j.ijafrm.20200504.13
Page(s)	191-194
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2020. Published by Science Publishing Group

Keywords

Accounting Information, Quality of Information Disclosure, Debt Financing Costs

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APA Style

Wu Fangyuan, Li Ying. (2020). Quality of Accounting Information Disclosure and Debt Financing Cost: Literature Review. International Journal of Accounting, Finance and Risk Management, 5(4), 191-194. https://doi.org/10.11648/j.ijafrm.20200504.13

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ACS Style

Wu Fangyuan; Li Ying. Quality of Accounting Information Disclosure and Debt Financing Cost: Literature Review. Int. J. Account. Finance Risk Manag. 2020, 5(4), 191-194. doi: 10.11648/j.ijafrm.20200504.13

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AMA Style

Wu Fangyuan, Li Ying. Quality of Accounting Information Disclosure and Debt Financing Cost: Literature Review. Int J Account Finance Risk Manag. 2020;5(4):191-194. doi: 10.11648/j.ijafrm.20200504.13

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@article{10.11648/j.ijafrm.20200504.13,
  author = {Wu Fangyuan and Li Ying},
  title = {Quality of Accounting Information Disclosure and Debt Financing Cost: Literature Review},
  journal = {International Journal of Accounting, Finance and Risk Management},
  volume = {5},
  number = {4},
  pages = {191-194},
  doi = {10.11648/j.ijafrm.20200504.13},
  url = {https://doi.org/10.11648/j.ijafrm.20200504.13},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijafrm.20200504.13},
  abstract = {This paper mainly summarizes the domestic and foreign literature on accounting information and debt financing to analyze the impact of accounting information disclosure on debt financing cost. In the case of rapid changes in the external environment, it is a critical moment for companies to adapt to the environment and survive. In this context, if an enterprise wishes to survive, it must find a way of survival suitable for its development according to its actual situation. However, the survival of some companies is facing a serious crisis. To stimulate their potential and ensure their long-term progress, companies must seek external help. Therefore, debt financing activities have become the first choice for companies. When an enterprise conducts external financing, it must present the accounting information disclosed by the enterprise to the relevant external creditors. Creditors use this to understand the various conditions of the enterprise and use this as the basis for investment. Only high-quality accounting information disclosure can win the trust of relevant external investors, reduce debt financing costs, and obtain more financing. Based on this, this article combs、summarizes and analyzes the relevant literature on the relationship between the quality of accounting information disclosure and the cost of debt financing, and proposes some shortcomings and prospects.},
 year = {2020}
}

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TY  - JOUR
T1  - Quality of Accounting Information Disclosure and Debt Financing Cost: Literature Review
AU  - Wu Fangyuan
AU  - Li Ying
Y1  - 2020/11/23
PY  - 2020
N1  - https://doi.org/10.11648/j.ijafrm.20200504.13
DO  - 10.11648/j.ijafrm.20200504.13
T2  - International Journal of Accounting, Finance and Risk Management
JF  - International Journal of Accounting, Finance and Risk Management
JO  - International Journal of Accounting, Finance and Risk Management
SP  - 191
EP  - 194
PB  - Science Publishing Group
SN  - 2578-9376
UR  - https://doi.org/10.11648/j.ijafrm.20200504.13
AB  - This paper mainly summarizes the domestic and foreign literature on accounting information and debt financing to analyze the impact of accounting information disclosure on debt financing cost. In the case of rapid changes in the external environment, it is a critical moment for companies to adapt to the environment and survive. In this context, if an enterprise wishes to survive, it must find a way of survival suitable for its development according to its actual situation. However, the survival of some companies is facing a serious crisis. To stimulate their potential and ensure their long-term progress, companies must seek external help. Therefore, debt financing activities have become the first choice for companies. When an enterprise conducts external financing, it must present the accounting information disclosed by the enterprise to the relevant external creditors. Creditors use this to understand the various conditions of the enterprise and use this as the basis for investment. Only high-quality accounting information disclosure can win the trust of relevant external investors, reduce debt financing costs, and obtain more financing. Based on this, this article combs、summarizes and analyzes the relevant literature on the relationship between the quality of accounting information disclosure and the cost of debt financing, and proposes some shortcomings and prospects.
VL  - 5
IS  - 4
ER  -

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Author Information

Wu Fangyuan

Business School, Beijing Wuzi University, Beijing, China
Li Ying

Business School, Beijing Wuzi University, Beijing, China

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Plain Text BibTeX RIS

APA Style

Wu Fangyuan, Li Ying. (2020). Quality of Accounting Information Disclosure and Debt Financing Cost: Literature Review. International Journal of Accounting, Finance and Risk Management, 5(4), 191-194. https://doi.org/10.11648/j.ijafrm.20200504.13

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ACS Style

Wu Fangyuan; Li Ying. Quality of Accounting Information Disclosure and Debt Financing Cost: Literature Review. Int. J. Account. Finance Risk Manag. 2020, 5(4), 191-194. doi: 10.11648/j.ijafrm.20200504.13

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AMA Style

Wu Fangyuan, Li Ying. Quality of Accounting Information Disclosure and Debt Financing Cost: Literature Review. Int J Account Finance Risk Manag. 2020;5(4):191-194. doi: 10.11648/j.ijafrm.20200504.13

Copy | Download

@article{10.11648/j.ijafrm.20200504.13,
  author = {Wu Fangyuan and Li Ying},
  title = {Quality of Accounting Information Disclosure and Debt Financing Cost: Literature Review},
  journal = {International Journal of Accounting, Finance and Risk Management},
  volume = {5},
  number = {4},
  pages = {191-194},
  doi = {10.11648/j.ijafrm.20200504.13},
  url = {https://doi.org/10.11648/j.ijafrm.20200504.13},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijafrm.20200504.13},
  abstract = {This paper mainly summarizes the domestic and foreign literature on accounting information and debt financing to analyze the impact of accounting information disclosure on debt financing cost. In the case of rapid changes in the external environment, it is a critical moment for companies to adapt to the environment and survive. In this context, if an enterprise wishes to survive, it must find a way of survival suitable for its development according to its actual situation. However, the survival of some companies is facing a serious crisis. To stimulate their potential and ensure their long-term progress, companies must seek external help. Therefore, debt financing activities have become the first choice for companies. When an enterprise conducts external financing, it must present the accounting information disclosed by the enterprise to the relevant external creditors. Creditors use this to understand the various conditions of the enterprise and use this as the basis for investment. Only high-quality accounting information disclosure can win the trust of relevant external investors, reduce debt financing costs, and obtain more financing. Based on this, this article combs、summarizes and analyzes the relevant literature on the relationship between the quality of accounting information disclosure and the cost of debt financing, and proposes some shortcomings and prospects.},
 year = {2020}
}

Copy | Download

TY  - JOUR
T1  - Quality of Accounting Information Disclosure and Debt Financing Cost: Literature Review
AU  - Wu Fangyuan
AU  - Li Ying
Y1  - 2020/11/23
PY  - 2020
N1  - https://doi.org/10.11648/j.ijafrm.20200504.13
DO  - 10.11648/j.ijafrm.20200504.13
T2  - International Journal of Accounting, Finance and Risk Management
JF  - International Journal of Accounting, Finance and Risk Management
JO  - International Journal of Accounting, Finance and Risk Management
SP  - 191
EP  - 194
PB  - Science Publishing Group
SN  - 2578-9376
UR  - https://doi.org/10.11648/j.ijafrm.20200504.13
AB  - This paper mainly summarizes the domestic and foreign literature on accounting information and debt financing to analyze the impact of accounting information disclosure on debt financing cost. In the case of rapid changes in the external environment, it is a critical moment for companies to adapt to the environment and survive. In this context, if an enterprise wishes to survive, it must find a way of survival suitable for its development according to its actual situation. However, the survival of some companies is facing a serious crisis. To stimulate their potential and ensure their long-term progress, companies must seek external help. Therefore, debt financing activities have become the first choice for companies. When an enterprise conducts external financing, it must present the accounting information disclosed by the enterprise to the relevant external creditors. Creditors use this to understand the various conditions of the enterprise and use this as the basis for investment. Only high-quality accounting information disclosure can win the trust of relevant external investors, reduce debt financing costs, and obtain more financing. Based on this, this article combs、summarizes and analyzes the relevant literature on the relationship between the quality of accounting information disclosure and the cost of debt financing, and proposes some shortcomings and prospects.
VL  - 5
IS  - 4
ER  -

Copy | Download