The impact of accounting information quality and financing constraints on innovation input of Chinese private enterprises

The impact of accounting information quality and financing constraints on innovation input of Chinese private enterprises

With the advancement of economic globalization and the gradual intensification of competition in international market, enterprises need to constantly enhance their comprehensive strength to consolidate market position and improve the internal innovation ability, which is also a new mission given to enterprises under the new era. At present, the innovation activities of Chinese enterprises are faced with many difficulties, such as long investment cycle time, too much investment capital, high risk, short-term income is not obvious, and so on. However, if enterprises use agents to promote enterprise innovation, the financing constraints caused by the current market agency costs and internal and external information asymmetry greatly hinder the process of independent innovation of private enterprises. Therefore, it is of great significance to study the influencing factors of private enterprises' input in indigenous innovation to improve their independent innovation ability and promote their further development.