产权性质、股权结构与会计信息价值相关性——股权分置改革的经验数据

发布时间：2019-03-26 19:28

【摘要】：文章选用2008年~2010年我国A股上市公司数据,分析了股权结构对会计信息质量的影响;通过利用收益—盈余模型,文章实证检验了股权分置改革后企业国有股持股、大股东持股以及股权制衡等股权结构特征对会计盈余价值相关性的影响,研究认为股权结构能够影响企业会计信息价值相关性。文章进一步研究了产权的作用,结果表明国家股会削弱股权结构与会计信息质量之间的相关关系——国有法人股持股比例越高、会计信息价值相关性越低;股权集中度降低了盈余的价值相关性;股权制衡度越高,会计信息的价值相关性越高。文章的结论对完善我国股权治理结构、提高财务报告信息的价值相关性具有重要意义。
[Abstract]:Based on the data of A-share listed companies from 2008 to 2010, this paper analyzes the influence of ownership structure on the quality of accounting information. By using the income-earnings model, this paper empirically examines the impact of the ownership structure characteristics such as state-owned shares, large shareholders and equity checks and balances on the value of accounting earnings after the reform of the split share structure. The research thinks that the ownership structure can influence the enterprise accounting information value relevance. The paper further studies the role of property rights, and the results show that the state-owned shares will weaken the relationship between the ownership structure and the quality of accounting information-the higher the proportion of state-owned legal shares, the lower the correlation of accounting information value; Equity concentration reduces the value correlation of earnings, and the higher the equity balance degree, the higher the value correlation of accounting information. The conclusion of this paper is of great significance to improve the structure of equity governance and improve the value relevance of financial reporting information.
【作者单位】：中国人民大学商学院;
【基金】：国家自然科学基金项目(项目号:71272152) 北京市属高等学校高层次人才引进与培养计划项目(项目号:CIT&TCD201404036) 北京工商大学国有资产管理协同创新中心资助中国人民大学科学研究基金(中央高校基本科研业务费专项资金资助)项目成果(项目号:14XNH240)
【分类号】：F275;F276.6;F224

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