Research on the Impact of Accounting Information Quality of Small and Medium-sized Enterprises on Financing Constraints and Its Mechanism
Abstract
(SMEs). This study focuses on the inherent connection and mechanism between the quality of SME accounting information and financing
constraints. The article first elaborates on the connotation of accounting information quality and its special importance to SME financing, ana
lyzing the unique constraints faced by SMEs in the financing process. The core part systematically explores three mechanisms through which
accounting information quality affects financing constraints from both theoretical and empirical perspectives: the signaling mechanism, the
risk pricing mechanism, and the contract governance mechanism. The research further reveals the moderating factors influencing the relation
ship between the two, such as external market environments and internal governance levels. Based on the Chinese context, this paper analyzes
the current status and causes of SME accounting information quality and proposes comprehensive policy recommendations and corporate
practice paths aimed at alleviating financing constraints through improving accounting information quality. This study provides a micro
explanation framework based on information economics for understanding the financing difficulties of SMEs, which has guiding significance
for practice.
Keywords
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DOI: http://dx.doi.org/10.70711/memf.v3i5.9085
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