摘要
以2007—2012年沪深两市A股公司为样本,研究机构持股是否会对审计意见产生影响。研究结果发现,机构投资者持股比例越高,被投资公司获取标准无保留意见的可能性越大;相对于持国有上市公司股份而言,机构投资者持非国有股份的公司更容易获取标准无保留审计意见。在其他条件不变的情况下,相比于信息对称性较好的公司而言,机构持股与审计意见的相关性在信息高度不对称的公司会更显著;相比于较低成长性的公司,机构持股与清洁审计意见的相关性在成长性较好的公司更显著;在高度成长性以及信息不对称的公司,机构持股与清洁审计相关性更显著。
Using 2007 2012 Shanghai and Shenzhen A share companies as samples, we studies how the influence of Institutional holdings on au dit opinion. The results show that firms are more likely to get clear opinion when institutional investors holdings are big. With respect to the shares held state owned listed companies, institutional investom holding shares in non state owned companies are more likely to obtain an standard unqualified audit opinion. In the case of the other conditions remain unchanged, compared to the low degree of information asymmetry companies, institutional ownership and relevance of accounting conservatism in highly asymmetric information companies will be more pronounced. Compared to the low growth companies, the relevance of institutional ownership and clean audit opinion with good growth companies will be more significant. The company with high growth and degree of informalion asymmetry, the correlation between institutional ownership and clean audit is more signifi cant.
出处
《哈尔滨商业大学学报(社会科学版)》
2014年第2期104-111,共8页
Journal of Harbin University of Commerce:Social Science Edition
关键词
机构持股
审计意见
信息不对称
成长性
institutional ownership
audit opinion
information asymmetry
growth