Accounting information is always an important channel for banks to obtain the company's quality status. As the fundamental guarantee of accounting information quality, the role of sound internal control in corporate debt contracts has become an important research issue worthy of attention.
The existing empirical evidence in western countries shows that high-quality accounting information helps to reduce the information asymmetry before and during the execution of debt contracts, and plays a key role in the signing of corporate debt contracts. In fact, the most important and basic determinant behind high-quality accounting information is still a sound internal control system.
The calculation of debt financing cost of listed companies can carry out the following scientific research:
1. Market interest rate research: study the yield, interest rate and price fluctuations of similar bonds in the market, explore various factors that affect the bond market interest rate, such as market risk, credit risk, inflation, etc., in order to predict the future market interest rate level.
2. Financial analysis of the company: analyze the financial status of the listed company, including the company's profit, solvency, cash flow, etc., to evaluate the company's credit risk and solvency.
3. Analysis of financial statements : analyze the financial statements of listed companies, including balance sheets, cash flow statements, and income statements, to evaluate the company's financial status and operating risks.
4. Industry analysis: analyze the market conditions and competition in the industry in order to assess the market and industry risks faced by listed companies.
5. Macroeconomic environment analysis: analyze the macroeconomic environment, such as inflation, interest rate levels, economic growth, etc., to predict future market interest rate levels and bond market conditions.
1. Data source: self-organization
2. Time span: 1991-2021
3. Regional scope: Chinese listed companies
4. Indicator description:
5. Data display:
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references:
[1] Zheng Jun, Lin Zhonggao, Peng Lin. Monetary Policy, Internal Control Quality and Debt Financing Costs [J]. Contemporary Finance and Economics, 2013(09):118-129.
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