网络基础设施建设与企业会计稳健性——基于“宽带中国”战略的准自然实验研究

Network Infrastructure Construction and Enterprise Accounting Conservatism: A Quasi-natural Experiment Based on “Broadband China” Strategy

《外国经济与管理》2023年45卷第1期 页码：104 - 120 online：2023年1月20日

作者

中：李增福 , 云锋

英：Li Zengfu , Yun Feng

作者单位：华南师范大学 经济与管理学院, 广东 广州 510006

摘要及关键词

摘要：本文以2013年“宽带中国”战略的实施作为“准自然实验”，采用双重差分法考察了网络基础设施建设对企业会计稳健性的影响。研究发现，由“宽带中国”战略带来的网络基础设施建设显著地提升了企业的会计稳健性。进一步研究发现，网络基础设施建设能够提高企业的信息透明度，进而提升企业的会计稳健性。同时，当企业外部监管和内控质量越高时，网络基础设施建设对企业的会计稳健性提升越显著。本文的研究结果表明网络基础设施建设促进了信息传递，提高了企业的会计稳健性。本文提供了我国网络基础设施建设影响微观企业行为的理论和经验证据，对我国当前蓬勃发展的“新基建”也有借鉴意义。

关键词：网络基础设施建设；会计稳健性；信息传递；信息透明度

Summary: In December 2018, the Central Economic Conference defined 5G, AI, industrial Internet and Internet of Things as “new infrastructure construction”, and subsequently included “strengthening the construction of a new generation of information infrastructure” in the 2019 Government Work Report. Network infrastructure construction, as the core of new infrastructure construction, can reduce the spatial barriers of information transmission, promote information exchange and knowledge spillover, and play an important role in realizing trans-regional cooperation and information exchange. In this context, the economic consequences of network infrastructure construction have become the focus of current academic attention. Existing literature has discussed the important role of network infrastructure construction in macroeconomic growth and the important impact on the production and operation of micro enterprises, but there is little discussion on whether and how network infrastructure construction affects the information disclosure behavior of enterprises. Based on this, from the perspective of accounting conservatism, this paper investigates the impact of network infrastructure construction on enterprise information disclosure. Specifically, this paper divides the samples into processing group and control group according to whether the registration place of listed companies is selected as the “Broadband China” demonstration city, and uses the DID method to systematically investigate whether and through what mechanism the network infrastructure affects the accounting robustness of local enterprises. The empirical results show that network infrastructure construction has a significant role in improving the accounting conservatism of enterprises. The mechanism test proves that network infrastructure construction enhances the accounting conservatism of enterprises by improving their information transparency. Further research shows that when the quality of external supervision and internal control is higher, network infrastructure construction has a more significant improvement on the accounting robustness of enterprises. The contributions of this paper are as follows: First, by studying the impact of network infrastructure construction on the accounting conservatism of enterprises, this paper expands the research on the impact of network infrastructure construction on micro enterprises from the field of production and operation to the field of corporate governance. Second, this paper enriches relevant literature on the impact of the strategic public infrastructure of China’s current economic and social development and the improvement of information transmission brought by broadband network construction on the accounting conservatism of enterprises. Third, different from previous literature on the impact of policies and approaches to promote information transmission on accounting conservatism, this paper verifies that network infrastructure construction can enhance information transparency and then enhance accounting conservatism through cross-space information transmission. Fourth, this paper provides empirical evidence on the impact of China’s network infrastructure construction on accounting conservatism, which can be a positive reference for investors, managers and policymakers.

Key words: network infrastructure construction; accounting conservatism; information transfer; information transparency

其他信息

DOI：10.16538/j.cnki.fem.20220601.201

收稿日期：2021-11-22

基金项目：国家社会科学基金项目（19BGL057）

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