Research On The Influence Of Information Disclosure Quality On Debt Financing Cost

In recent years,our country’s economy has developed rapidly.While domestic enterprises are developing rapidly,their capital needs are also expanding.Enterprises can obtain credit funds through debt financing,In the process of debt financing,enterprises often pay more attention to the cost of debt financing.Based on the above situation,it is particularly important to study the cost of debt financing,this paper studies the impact of information disclosure quality on debt financing costs,and discusses monetary policy and enterprise competitive position in the adjustment role,it is concluded that improving the quality of information disclosure will help to reduce the cost of corporate debt financing;At the same time,compared with the period of loose monetary policy,in the period of tight monetary policy,the impact will be more significant;Compared with the low level of enterprise competitive position development,when the development level of enterprise competitive position is high,the impact will be more significant.On the basis of previous scholars’ research,this paper introduces the moderating variables of monetary policy and enterprise competitive position,and examines the moderating role of monetary policy and enterprise competitive position in the mechanism of the impact of information disclosure quality on debt financing costs,which will help enrich macroeconomic policies literature on the relationship between micro-enterprise behavior;Secondly,when enterprises face the problem of debt financing cost,they can refer to the research in this paper to take corresponding measures to reduce the debt financing cost of enterprises,which has a strong effect on debt financing of enterprises practical guidance.