题目：The Real Effect of Customer Accounting Quality- trade Credit and Suppliers’ Cash Holdings

时间：2014年6月27日（周五）15:00-16：30

地点：嘉庚二号楼501教室

报告人：Morris Liu, Assistant Professor, Hong Kong Baptist University

主持人：Jinshuai Hu, assistant professor of accounting, IFAS

论文摘要：

To understand the implications of accounting quality on firms’ liquidity and financing policy, we investigate the relation between a customer’s accounting quality and its use of trade credit and study whether major customers’ accounting quality is linked to their supplier’s cash holdings through the use of trade credit. Theory predicts that customers with high information asymmetry tend to rely on trade credit. As high quality financial information reduces information asymmetry, we find evidence that the use of trade credit decreases with accounting quality. We find that this relation is more pronounced when firms are financially constrained. We also show that the accounting quality of a major customer is negatively associated with its supplier’s cash holdings and that this relation is stronger for financially constrained suppliers. Taken together, our results demonstrate that accounting quality figures in a firm’s financing decisions and has an interrelated effect on a supplier’s liquidity policy.

讲座人简介：

Assistant Prof. Liu got his PhD from Hong Kong Baptist University. He has published papers in journals like International Journal of Auditing, Corporate Governance: An International Review, and Journal of International Accounting, Auditing and Taxation, etc.
附件：论文