控股股东、管理层持股与会计信息质量关系实证研究——盈余价值相关性的视角

An Empirical Study on the Relationship between Share-holding Stockholder,Management Buyout and Accounting Information Quality——Viewing from Surplus Value Relevance

现代企业面临所有者与经营者之间以及大股东与小股东之间两种代理问题。从盈余价值相关性的视角,对两类代理问题的会计信息质量问题进行实证研究后发现,控股股东持股比例与会计信息质量显著负相关,管理层持股比例与最终控制人属性对于会计信息质量无显著影响,公司规模上市年限与会计信息质量正相关。

Modem enterprises are confronted with two kinds of agecy problems between owners and runners, and between majority stockholders and minority stockholders. Viewed from surplus value relevance, an empirical research is made on the accounting information quality problem in these two agency problems and it comes to the finding that there is an apparently negative relevance between the share proportion of share - holding stockholder and accounting information quality, while the share proportion of management shareholding, attribute of terminal controller have no apparent influence on accounting information quality, and that the fixed years of corporate scale listing is in positive relevance to accounting information quality.