上市公司会计信息透明度的影响因素实证研究

发布时间：2018-08-27 19:20

【摘要】：自2008年全球金融危机爆发以来，各国都将提高会计信息透明度作为改善金融市场环境的一个重要措施。在我国这样的新兴市场条件下，合理引导上市公司信息披露行为，提高上市公司会计信息透明度，增加证券市场信息有效供给，提高资源分配效率，保护投资者利益，使声誉好的公司获得“市场溢价”，成为中国资本市场持续性发展的必由之路。因此，以上市公司的会计信息透明度为主题进行相关研究，对促进我国新兴资本市场的健康发展有着重要的意义。本文由六部分构成。第一章为研究绪论，具体包括研究背景和意义、研究目的与思路、研究内容等。第二章为国内外研究现状，，作者全面回顾和总结了有关会计信息透明度的度量及其影响因素以及会计信息透明度经济后果的研究成果，对国内外的一些经典研究进行了归纳和分析。第三章是对会计信息透明度理论基础分析。第四部分，在理论分析的基础上，构建了会计信息透明度影响因素分析模型，介绍了上市公司样本选取、数据来源、研究假设以及研究变量的选取和模型构建并提出研究假设。第五章为实证研究结果与分析，运用多种分析方法考察了各因素对会计信息透明度的影响作用。第六章提出了本文的研究结论，并指出了文章存在的不足。本文通过实证分析得出如下结论: （1）从公司治理结构来看，第一大股东持股比例和国家股比例与会计信息透明度显著正相关，高层管理人员持股比例与会计信息透明度显著负相关。（2）从公司财务结构来看，权益净利率和每股经营性净现金流与会计信息透明度呈显著正相关。资产负债率与会计信息透明度显著负相关。（3）从公司特质来看，公司规模与会计信息透明度显著正相关，经营环境指数与会计信息透明度负相关，公司所处行业的竞争性对公司的会计信息透明度没有显著影响。
[Abstract]:Since the global financial crisis broke out in 2008, countries have taken the transparency of accounting information as an important measure to improve the financial market environment. Under the condition of emerging market such as our country, we should reasonably guide the behavior of information disclosure of listed companies, improve the transparency of accounting information of listed companies, increase the effective supply of information in the securities market, improve the efficiency of resource allocation, and protect the interests of investors. Making reputable companies obtain market premium is the only way to sustainable development of Chinese capital market. Therefore, it is of great significance to study the transparency of accounting information of listed companies in order to promote the healthy development of China's emerging capital markets. This paper consists of six parts. The first chapter is the introduction of the research, including the research background and significance, research purposes and ideas, research content and so on. The second chapter is the current research situation at home and abroad. The author reviews and summarizes the research results about the measurement of accounting information transparency and its influencing factors, as well as the economic consequences of accounting information transparency. Some classical studies at home and abroad are summarized and analyzed. The third chapter is to the accounting information transparency theory foundation analysis. The fourth part, on the basis of theoretical analysis, constructs the analysis model of influencing factors of accounting information transparency, introduces the sample selection of listed companies, data sources, research assumptions and the selection of research variables and model construction, and puts forward research assumptions. The fifth chapter is the empirical research results and analysis, using a variety of analytical methods to examine the impact of various factors on the transparency of accounting information. The sixth chapter puts forward the conclusion of this paper and points out the deficiency of the article. This paper draws the following conclusions through empirical analysis: (1) from the perspective of corporate governance structure, the proportion of the largest shareholder and the proportion of state shares are significantly positively related to the transparency of accounting information. (2) from the perspective of financial structure, equity net interest rate and net operating cash flow per share are significantly positively correlated with accounting information transparency. The ratio of assets and liabilities is negatively correlated with the transparency of accounting information. (3) from the perspective of the characteristics of the company, the size of the company is positively correlated with the transparency of accounting information, and the operating environment index is negatively correlated with the transparency of accounting information. The competitiveness of the company's industry has no significant impact on the transparency of the company's accounting information.
【学位授予单位】：西安科技大学
【学位级别】：硕士
【学位授予年份】：2012
【分类号】：F233;F832.51;F224

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