Research on the Impact of Accounting Information Quality on the Value Effects of Innovation

Abstract

Abstract:

Using A-share listed companies from 2001 to 2013 as sample, this paper analyses the value effects of innovation from the aspects of productive value, financial value and market value, and studies the impact of accounting information quality on the value effects of innovation. The results show that innovation significantly increases productive value, financial value and market value; and that high accounting information quality significantly improves the positive impact of innovation on productive value, financial value and market value. Further research shows that, both in state-owned enterprises and non-state-owned enterprises, innovation significantly shows positive value effects, and high accounting information quality significantly improves the positive value effects of innovation. However, compared to non-state-owned enterprises, the positive value effects of innovation are lower in state-owned enterprises, and the positive impact of high accounting information quality on the value effects of innovation are lower in state-owned enterprises.

Key words: accounting information quality, innovation, productive value, financial value, market value

Han Meini, Wang Fusheng. Research on the Impact of Accounting Information Quality on the Value Effects of Innovation[J]. , 2016, 28(10): 97-110.

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