控股股东与盈余质量——基于盈余反应系数的考察被引量：295

Controlling shareholders and earnings quality ——an empirical study based on earnings response coefficients

导出

摘要在我国目前的经济环境下,企业的股权结构,特别是控股股东的大量存在是造成盈余质量不高的一个重要原因。基于这种考虑,我们调整了盈余反应系数基本模型,加入与控股股东有关的研究变量,使用我国上市公司1999～2002年间的经验数据加以分析,结果表明:控股股东的持股比例与企业的盈余质量显著负相关;控股股东为国有股时盈余质量更低;其他股东的制衡能力越强盈余质量越高。最后据此提出了有关建议。 Ownership structure,especially the existence of controlling shareholders in many companies is one of the important causes of the low earnings quality in China now.From this point of view,we adjust the basic ERC model by adding variables related with controlling shareholders.With the data during 1999～2002 of China's listed companies,we find that earnings quality is significantly negatively associated with holding ratio of controlling shareholders,state -owned controlling shareholdings result significantly lower earnings quality,earnings quality is getting better when other shareholdings grow bigger.

作者王化成佟岩

机构地区中国人民大学商学院会计系

出处《会计研究》 CSSCI 北大核心 2006年第2期66-74,共9页 Accounting Research

基金国家自然科学基金资助项目(70372065:"上市公司盈余质量研究") 国家社会科学基金资助项目(03BJY019:"基于控股股东利益的中国上市公司资本运营研究")的阶段性成果本文的研究教育部青年教师奖励计划中国人民大学"十五""211"工程项目的资助

关键词控股股东盈余质量盈余反应系数

分类号 F275 [经济管理—企业管理]

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