Time/时间：5月30日（周五）10:00-11:30
Venue/地点：Room 501, Jiageng Building 2/嘉庚二号楼501教室
Topic/题目：Credit information sharing among lenders and the debt contracting value of borrowers’ accounting information
Speaker/报告人：侯芳芳助理教授
Abstract/摘要：
Credit information sharing among lenders disciplines borrower behaviors and enables lenders to better screen and monitor borrowers. Using staggered reforms to European countries’ public credit registries as a shock to credit information sharing, we examine the impact of such sharing on borrowers’ financial reporting quality. Specifically, we focus on accounting information’s debt contracting value, which captures the extent to which a firm’s accounting information reflects its credit quality. We hypothesize and find a positive effect of credit information sharing on the debt contracting value of borrowing firms’ accounting information. This finding suggests that credit information sharing incentivizes borrowers to provide higher financial reporting quality for debt contracting purposes. We further document that the effect is stronger for firms that rely more on bank debt, those with a relatively weaker debt environment, and for firms that are more opaque to outsiders. Overall, our study provides novel evidence that credit information sharing generates disciplinary effect on firms’ financial reporting quality.
About the Speaker/报告人简介：
侯芳芳，厦门大学财务管理与会计研究院助理教授、硕士生导师，博士毕业于香港理工大学。主要研究兴趣是企业投资与创新、公司治理、信息披露等。科研成果发表于《Contemporary Accounting Research》(2篇)、《Journal of Accounting, Auditing and Finance》、《Review of Quantitative Finance and Accounting》等国际SSCI/ESCI知名期刊。主持国家自科青年基金、福建省社科基金项目。曾获中国财务与会计学术年会优秀论文奖、CJAR-ABR联合会议最佳论文奖、公司金融与金融市场暑期研习营最佳论文奖、交大会计合作论坛二等奖等。主讲《概率论与数理统计》、《学术论文写作指导》等课程。