摘要
本文选取2009-2012年间沪深两市A股上市公司的相关数据,研究了机构投资者持股对会计稳健性的影响。研究发现,机构投资者持股比例越高,会计稳健性越低;独立型机构投资者与会计稳健性正相关,非独立型机构投资者与会计稳健性显著负相关;机构投资者与高成长性和信息不对称公司的会计稳健性显著负相关,与低成长性、信息不对称公司的会计稳健性的负相关关系不显著。
This paper studies the influence of institutional ownership on accounting conservatism using a sample consisted of listed companies over 2009-2012.We find a negative relation between institutional ownership and accounting conservatism.Independent institutional ownership is positively related to conservatism,but there is a remarkahle negative relation hetween non-independenl institutional ownership and conservatism.We also find the relation between firms of high growth and asymmetric information and institutional ownership is significantly more negative than the relation between firms of low growth and asymmetric infonnation and institutional ownership.
出处
《财会通讯（下）》
2014年第6期12-14,129,共3页
Communication of Finance and Accounting
关键词
机构投资者持股
会计稳健性
成长性
信息不对称
Institutional ownership
Accounting conservatism
Growth
Asymmetric information
