股权结构变化与公司业绩、信息披露质量关系研究——基于厦门上市公司股权分置改革前后的实证研究

发布时间：2018-06-27 18:32

本文选题：上市公司 + 股权分置改革　；参考：《福建论坛(人文社会科学版)》2010年06期

【摘要】：股权结构与公司业绩、信息披露质量有着密切的联系。股权结构不同,决定了公司治理结构的权利制衡机制的差异,决定了股东在公司治理中所发挥的作用,决定了股东对经理人会计信息的监控动机和方式,继而对会计信息的供给质量的监控行为就会有所差异。股权结构对公司业绩、信息披露质量既有正向影响,也有负向影响。以厦门上市公司作为研究样本,选取2004年-2008年的样本数据,分别从多个方面对股权结构与公司业绩、信息披露质量进行相关分析。研究结论是:股权集中度与公司业绩、信息披露质量显著正相关。在目前外部监督机制不完善的情况下,股权结构并非越分散越好。
[Abstract]:Ownership structure is closely related to corporate performance and information disclosure quality. Different ownership structure determines the difference of the right balance mechanism of corporate governance structure, determines the role of shareholders in corporate governance, and determines the motives and ways for shareholders to monitor and control manager accounting information. Then the monitoring behavior of accounting information supply quality will be different. Ownership structure has both positive and negative effects on corporate performance and information disclosure quality. Taking Xiamen listed company as the research sample, this paper selects the sample data from 2004 to 2008 to analyze the relationship between ownership structure and company performance, information disclosure quality from several aspects. The conclusion is: ownership concentration is positively correlated with corporate performance and information disclosure quality. In the current situation of imperfect external supervision mechanism, equity structure is not the more dispersed the better.
【作者单位】：集美大学工商管理学院;
【基金】：厦门市社科调研课题“厦门上市公司股权分置改革前后股权结构变化对公司业绩等的影响的实证研究” 福建省教育厅社科课题“股权结构与公司业绩、信息披露相关关系的实证研究”的阶段性研究成果
【分类号】：F832.51;F272;F275

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