This study investigates the impact of accruals quality (AQ) on the cost of debt. Using a sample of Vietnamese listed companies during the period 2012–2017, we show that AQ has a significant negative relation with the cost of debt. Particularly, the 10% best AQ firms enjoy a 1.35% lower interest costs than the 10% worst AQ firms. Furthermore, the discretionary AQ component has a significant negative association with the cost of debt, while innate AQ shows an insignificant impact on the cost of debt. The study delivers an important message to firms regarding the economic benefits of providing high-quality accounting information.

中文翻译：

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应计质量和债务成本：越南的证据

本研究调查应计质量（AQ）对债务成本的影响。使用2012-2017年期间越南上市公司的样本，我们显示出AQ与债务成本有着显着的负相关关系。特别是，最佳10％的AQ公司比10％最差的AQ公司降低了1.35％的利息成本。此外，可自由支配的AQ成分与债务成本具有显着的负相关性，而先天的AQ则显示出对债务成本的微不足道的影响。该研究向公司传达了有关提供高质量会计信息的经济利益的重要信息。