会计稳健性是会计实务中确认和计量的一项基本原则,也是最有影响力的原则之一,对传统会计影响历史悠久。自Watts(1933)提出相关研究框架和Basu(1997)构建出会计稳健性的模型之后,出现了大量围绕会计稳健性的度量、产生动因及其经济后果的国外研究文献。近年来国内学者采用中国资本市场数据也证明了会计稳健性的存在及债务契约等对会计稳健性的影响,目前也有少量实证研究文献研究会计稳健性的经济后果。然而,有关会计稳健性的研究,大多都只考虑了微观层面的因素,较少考 Accounting conservatism is a basic principle of accounting practice in accounting and measurement, but also one of the most influential principles, the impact on traditional accounting has a long history. Since Watts (1933) proposed the relevant research framework and Basu (1997) constructed a model of accounting conservatism, a large number of foreign research literature focused on measures of accounting conservatism, motivation and economic consequences. In recent years, domestic scholars use Chinese capital market data to prove the existence of accounting conservatism and the impact of debt contract on accounting conservatism. There is also a small amount of empirical research literature on the economic consequences of accounting conservatism. However, most of the studies on accounting conservatism only consider the micro-level factors,