上市公司股权结构对盈余管理影响研究——以长江经济带上市公司为例

The listed Company Ownership Structure Impact on Earnings Management Research——In the Yangtze River Economic Belt of the Iisted Company as an Example

以长江经济带上市公司为样本,从股权集中度、股权构成、股权流动性三个角度实证检验股权结构与盈余管理之间的关系。研究发现,股权集中程度越高,越容易滋生盈余管理行为;流通股比例的增加可以有效抑制企业的盈余管理行为;国有股比例同企业盈余管理行为正相关;而法人持股比例、高管持股比例与盈余管理程度不相关,说明企业法人及管理层并未对企业的盈余管理行为造成影响。

The earnings management phenomenon restricts the healthy development of China＇s economy,the effective corporate governance as a way to inhibit earnings management has attracted many scholars＇ attention. Among them,the ownership structure plays an important role in corporate governance. With the release of guidance to the development of the Yangtze River Economic Belt,the belt＇s development has gained more and more attention. This paper takes the Yangtze river economic belt of listed companies as samples,empirically tested the the relationship between ownership structure and corporate governance from three aspects of the ownership concentration,equity and equity liquidity. Study found that the more concentrated ownership,the more easy breeding behavior of earnings management; float shares can effectively inhibit the earnings management behavior; state-owned shares contributed to the earnings management behavior of enterprises; and corporate ownership and executive shareholding ratio are not related with earnings management,show that enterprise legal person and management do not supervise effectively to the enterprise＇s earnings management behavior. Finally,according to the conclusion,we put forward some suggestions.