环境不确定性、会计稳健性与公司研发创新——来自战略性新兴产业民营A股上市公司的经验证据

Environmental uncertainty, accounting conservatism and corporate R & D innovation：Evidence from private A-share listed companies in strategic emerging industries

摘要:

文章以战略性新兴产业民营A股上市公司的2014-2018年度财务报告数据为研究对象，探讨了环境不确定性、会计稳健性对公司研发创新的影响。研究结果表明，会计稳健性有对公司研发创新具有正面促进作用，环境不确定性对公司研发创新具有负向影响，会计稳健性是对环境不确定性的一种谨慎反映，可以抑制环境不确定性对公司研发创新的负面影响。通过区分环境不确定程度，进一步发现当环境高度不确定时，会计稳健性对公司研发创新的正面促进作用更加显著，当环境低度不确定时，会计稳健性对公司研发创新的作用并不显著。

Abstract:

Based on the financial report data of private A-share listed companies in strategic emerging industries from 2014 to 2018, this paper discusses the impact of environmental uncertainty and accounting conservatism on corporate R & D innovation. The results show that accounting conservatism has a positive role in promoting corporate R & D innovation, while environmental uncertainty has a negative impact on corporate R & D innovation. Accounting conservatism is a cautious reflection of environmental uncertainty, which can inhibit the negative impact of environmental uncertainty on corporate R & D innovation. By distinguishing the degree of environmental uncertainty, it is further found that when the environment is highly uncertain, accounting conservatism has a more significant positive effect on R & D innovation, while the environment is low uncertainty, the effect of accounting conservatism on corporate R & D innovation is not significant.