THE IMPACT OF DEBT RESTRUCTURING ON CORPORATE FINANCIAL PERFORMANCE AND RISK CONTROL OF LISTED COMPANIES
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Abstract
In order to better solve the current series of related problems of China’s enterprises and improve their value, this paper attempts to conduct an empirical analysis and detailed discussion on the impact path of accounting information disclosure quality on enterprise value with audit quality as an intermediary variable and debt restructuring as a regulating variable in order to explore the approaches that can better promote the development and construction of enterprises that will help them develop in a better direction. Therefore, on the basis of expounding the research background and research significance in the first chapter of the article, this paper establishes the research framework and research plan, puts forward the innovation of the research, establishes an empirical model, and takes all listed companies traded on the Shenzhen Stock Exchange from 2010 to 2019 in the CSMAR database as the board data for empirical research. The resulting conclusion was that the improvement of the quality of accounting information disclosure is conducive to the improvement of audit quality and ultimately enhances enterprise value. At the end of the article, policy suggestions, research prospects, and the problems that require further research are put forward.
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