Research On Accounting Conservatism And Technology Capital Allocation Of Listed Companies

Technology capital is regarded as a very important investment mode in the economic development of the company? From the angle of accounting conservatism,this paper studies the influence of the non efficient allocation of technology capital on the investment of technology capital and the relationship with the efficiency of technology capital allocation.The results show that accounting conservatism has a good corporate governance function and can effectively improve the allocation efficiency of technology capital.Institutional managers have increased the using degree of the efficiency of technology capital allocation,and provided references for enterprises to choose accounting policies and make technical capital allocation.All of these can effectively alleviate the problem of insufficient allocation of technical capital and restrain the over allocation of the enterprise,and promote the improvement of the efficiency of the allocation of technical capital.This paper utilizes the public data of 2008-2014 two listed companies in Shanghai and Shenzhen as the sample and based on Kahn and Waters` accounting conservatism C-Score model to measure the degree of accounting conservatism of listed companies.This paper Mainly involves four problems: the first is whether Chinese listed companies are inefficient in technology capital allocation;the second is the influence of accounting conservatism on the technology capital investment spending;the last two problem are the influence of accounting conservatism on the efficiency of technical capital allocation,including insufficient and excessive problems.In order to further explore the utility of accounting conservatism in China,the socialist country that has a unique political,economic and legal system,this paper used the nature of equity and the area as the division standard to study the influence of accounting conservatism on technology capital allocation.The results of this study are as follows:(1)There are the problems of the inefficient allocation of technology capital in Chinese listed companies;(2)From the point of view of accounting conservatism and investment expenditure of technology capital,to improve the degree of accounting conservatism will reduce the expenditure of technology capital investment.;(3)Under the condition of excessive corporate capital allocation,accountingconservatism has a negative impact on the over allocation,and can alleviate the excessive allocation of technology capital.(4)Under the condition of the lack of technical capital allocation,accounting conservatism has a negative impact on the allocation problem,and will exacerbate the shortage of technical capital allocation.