Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/187653
Authors: 
Chen, Zhibin
Pan, Jun
Wang, Liangliang
Shen, Xiaofeng
Year of Publication: 
2016
Citation: 
[Journal:] China Journal of Accounting Research [ISSN:] 1755-3091 [Volume:] 9 [Year:] 2016 [Issue:] 3 [Pages:] 191-206
Abstract: 
China's slowing economic growth and rapid urbanization have made local government debt financing a significant issue. This study uses a sample of China's provincial government data for the 2006-2012 period to examine the effect of the disclosure of financial information by local governments on their debt financing costs. The results show that financial information disclosure is conducive to public supervision and enhances government credibility, leading to a decrease in the cost of debt financing. Furthermore, increased government economic intervention increases the strength of the association between financial information disclosure and the cost of debt financing. Increased government audit prevention function weakens the strength of the association between financial information disclosure and the cost of debt financing.
Subjects: 
Local government debt
Cost of debt financing
Government financial information disclosure
Government intervention
Government audit
Persistent Identifier of the first edition: 
Creative Commons License: 
https://creativecommons.org/licenses/by-nc-nd/4.0/
Document Type: 
Article
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