会计信息质量、机构持股与应计异象

发布时间：2018-04-19 20:51

本文选题：会计信息质量 + 机构持股　；参考：《金融发展研究》2017年10期

【摘要】：以2012—2015年深市A股上市公司为研究样本,基于信息成本、行为金融、委托代理等理论,运用Mishkin检验、线性多元回归方法,检验了应计异象的存在性,验证了机构持股、会计信息质量对应计异象的影响。研究表明,深市总体存在应计异象,并且机构持股的高低对应计异象产生不同影响,机构持股比例高的公司比机构持股比例低的公司的应计异象程度低。进一步研究显示,会计信息质量对机构持股与应计异象的关系的影响存在差异,对低机构持股公司的影响更加显著。研究有助于减少应计项目的错误定价,提高资本市场定价的准确率,有利于投资者充分理解盈余信息,加强投资者利益保护。
[Abstract]:Based on the theories of information cost, behavioral finance, principal-agent and so on, the existence of accrual anomalies is tested by using Mishkin test and linear multivariate regression method, and the existence of accrual anomalies is verified by using the theory of information cost, behavioral finance and principal-agent based on the A-share listed companies of Shenzhen Stock Exchange from 2012 to 2015. The quality of accounting information corresponds to the influence of accounting anomalies. The research shows that there is an accrual anomaly in Shenzhen, and the level of institutional shareholding has different effects on it, and the degree of accrual anomaly of the company with high institutional shareholding ratio is lower than that of the company with low institutional shareholding ratio. Further research shows that the influence of accounting information quality on the relationship between institutional shareholding and accrual anomalies is different, and the effect on low institutional shareholding companies is more significant. The research is helpful to reduce the mispricing of accrual items, improve the accuracy of capital market pricing, help investors fully understand earnings information and strengthen the protection of investors' interests.
【作者单位】：东北农业大学经济管理学院;
【基金】：黑龙江省哲学社会科学研究规划项目(项目编号:15GLB03) 黑龙江省哲学社会科学研究扶持共建项目(项目编号:15GLE05)
【分类号】：F275;F832.51

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