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本文以应计质量、盈余持续性、盈余可预测性、盈余平滑度作为会计信息质量的代理变量,通过研究会计信息不同纬度的质量与权益资本成本之间的关系,为投资者的市场定价及对信息质量的关注程度提供证据。研究结果表明,除盈余的持续性不显著外,其他各项质量与权益资本成本之间均呈负相关关系;在对权益资本成本的影响程度方面,无论是单独影响还是条件影响,应计质量影响程度最大,其次是可预测性。
In this paper, accruals quality, earnings persistence, earnings predictability, earnings smoothness as the accounting information quality proxy variables, through the study of the relationship between the quality of accounting information at different latitudes and the cost of equity capital for the investors market pricing and Provide evidence of the level of concern for the quality of information. The results show that, except for the persistence of the surplus is not significant, there is a negative correlation between other quality and the cost of equity capital; in terms of the degree of impact on the cost of equity capital, either individually or conditionally, The greatest impact, followed by predictability.