Research On The Influence Of Accounting Information Quality On Technology Innovation From The Perspective Of Financing And Media

As one of the important innovation activities of enterprises,technological innovation can not only help enterprises improve their market competitiveness,but also bring new vitality into the country's technology and economic development.It is of great research significance to take the research in both micro and macro perspectives.Technological innovation is also an important investment project for enterprises.The accounting information disclosed by enterprises enables investors to be aware of the operation of enterprises and make investment judgments directly.However,the quality of accounting information disclosed by Chinese companies is mixed,and there are many false disclosures.In view of this,this paper focuses on the impact of accounting information quality on enterprise technology innovation.Since technological innovation is a product of the combination of “funding” and“technology”,the level of innovation is largely influenced by the amount of funds.Therefore,this paper also reveals the role played by the financing constraints.Nowadays,the Internet era has subverted the traditional way of information circulation.Considering in the capital market,the resource allocation process is essentially the process of processing information.The role played by media reports deserves to be investigated.Therefore,this paper explores the relationship between accounting information quality and technological innovation and its conduction path from the perspective of media coverage.This paper mainly uses theoretical analysis as well as empirical methods to conduct research.Firstly,based on the agency theory,information asymmetry theory and investor protection theory,a solid theory framework is built to analyze of the impact of accounting information quality on technological innovation,as well as the enternal transition path and the media coverage environment.Then according to theoretical analysis and proposed research hypothesis,a dataset of A-share Chinese listed companies from 2011 to 2016 is used as a sample to construct a multivariate linear regression model for empirical research.The research results show that the improvement of accounting information quality is conducive to the improvement of enterprise technology innovation.Besides,the impact of accounting information quality on technological innovation is partly transmitted through the financing path,and media reports can positively moderate the effect of accounting information quality on technological innovation by mitigating the impact of financing constraints on technological innovation.Finally,based on the research results,this paper puts forward corresponding policy recommendations from the perspective ofboth enterprises and government.The research of the effect of accounting information quality on technological innovation and its transmission path enriches the study on the consequences of accounting information quality and the influencing factors of technological innovation.What's more,the examination is based on the new pespective of media reporting,which expands the related research on the impact of media report greatly.