Accounting Informatization Regulation And Accounting Information Quality A Quasi-natural Experiment

For a long time,the quality of accounting information has been widely concerned by the market parties,the government and the academic community.The distortion of accounting information will interfere with the correct judgment of information users,destroy the normal trading rules in the market,disrupt the normal order of the capital market,and cause the loss of multiple interests.Accounting regulation is an important means to regulate and supervise the quality of accounting information.Through accounting regulation,the government can regulate and standardize the whole process of internal and external collection,processing,recording and reporting of accounting information of enterprises,so as to adjust the market failure caused by information asymmetry and ensure the quality of accounting information output by enterprises.Moreover,the objectivity and effectiveness of regulation are guaranteed because regulation is generated from the internal enterprise and cannot be controlled by specific interest groups.Under the environment of accounting informatization,accounting informatization regulation,as a mechanism to standardize accounting informatization,plays a more important role in accounting.Our country has introduced a series of regulations and policies to promote the standardization of enterprise accounting informatization,escorting for high-quality accounting information.Therefore,this paper selected the accounting informatization regulation,a external factor,to explore the impact on the quality of accounting information by passing and enforcing it.It has important theoretical and practical significance to absorb the policy experience and practice of improving the quality of accounting information,supplement the policy effect research in the field of accounting regulation and accounting informatization regulation,and enrich the dialectical relationship between government and market in the field of economics.The research problems in this paper include three aspects.First,whether the promulgation and implementation of accounting informatization regulation has significantly improved the quality of accounting information.Second,through what action mechanism does the implementation of accounting informatization regulation affect the quality of accounting information? Third,with different property rights,management power and audit quality,whether there are differences in the effects of accounting informatization regulation on the quality of accounting information.In view of these research problems,the Difference-inDifference method after propensity score matching was used to conduct quasi-natural experiment.The data of A-share listed companies from 2011 to 2019 were selected.The Difference-in-Difference model was constructed based on the implementation of "Work Specifications for Enterprise Accounting Informatization",to analyze the impact of accounting informatization regulation on the quality of accounting information.This paper constructed a mediating effect test model,to analyze the mediating effect of internal control on policy influence,and explore the mechanism.According to different property rights,management power and audit quality,the heterogeneity analysis is carried out to explore the differences in the impact of accounting informatization regulation on the quality of accounting information.The results show that first,accounting informatization regulation can improve the quality of enterprise accounting information.Second,accounting information regulation can improve the quality of accounting information by improving internal control.Third,compared with nonstate-owned enterprises,the implementation of accounting informatization regulation in stateowned enterprises plays a more significant role in improving the quality of accounting information.Fourthly,compared with enterprises with high management power,the implementation of accounting informatization regulation in enterprises with lower management power has a more significant effect on improving the quality of accounting information.Fifthly,compared with enterprises receiving low audit service quality,enterprises receiving higher audit service quality have more significant effect on policy implementation.Based on these research conclusions,this paper puts forward further policy suggestions for enterprises and the government,including the further standardized implementation of accounting informatization regulation,extending the work and results to administrative institutions,strengthening the supervision of policy implementation of non-state-owned enterprises,keeping alert to the negative impact caused by excessive management power,and strengthening the informatization construction and standardization of the accounting firm simultaneously.It provides reference for further improving and strengthening the policy effect of accounting informatization regulation.