会计盈余的及时性、股权集中度与公司特征

The Timeliness of Accounting Earnings, Ownership Concentration and Firms Characteristics

本文以会计盈余的及时性作为会计信息有用性的核心变量,并基于此来检测对于股权集中度的影响。本文预测,当会计盈余及时性较低时,股权结构会向更高成本的监督机制调整,表现为股权集中度变高。实证结果支持了这一预期。

This paper uses the variable of timeliness of accounting earnings to test its effect on ownership concentration. It predicts that the ownership concentration will adjust to a high level accordingly when timeliness is low. The empirical results are consistent with the initial prediction.