股权结构视角下会计信息质量与公司非效率投资的研究

The relationship of the quality of accounting information and corporate inefficient investment from the view of ownership structure

以2008—2010年沪深两市上市公司为样本数据,实证研究了会计信息质量与公司非效率投资行为的关系,并从股权结构视角分析了会计信息质量对公司非效率投资的治理效应。研究结果表明,在我国上市公司内会计信息质量对公司非效率投资具有显著的抑制作用,但国有控股和控股股东持股比例的增加减弱了这种治理效应。

Through The 2008-2010 Shanghai and Shenzhen Stock Exchange listed companies＇ data, this paper empirically studies the relationship of the quality of accounting information and corporate inefficient investment, and discusses the influence of own-ership structure on this relationship. The results show that the quality of accounting information has a significant negative effect on corporate inefficient investment in our listed companies. In addition, this effect will be weakening along with the state shareholders and the increase of the proportion of controlling shareholder in the firms.