摘要
通过考察盈余反应系数,研究了我国上市公司股权结构与盈余质量的关系。实证研究结果表明,在我国,控股股东持股比例、控股股东身份、其他股东的制衡能力与盈余质量存在显著的相关性,国有股比例对盈余质量的影响是正向的。进一步研究后发现,在业绩预增的情况下,控股股东持股比例与盈余质量显著正相关,且当控股股东为国家股时,上市公司的盈余质量更好,上市公司国有股比例与盈余质量显著正相关,而其他股东的制衡能力与盈余质量显著负相关;但在业绩预减的情况下,股权结构与盈余质量的关系是完全相反的。
In this paper, the authors research the relation between the ownership structure and earnings quality through the review the earnings response coefficient （ERC）. The authors find that ERC is significantly associated with holding ratio of controlling shareholders, state - owned controlling shareholdings and the ratio of other shareholdings. Farther analysis indicate that, when the EPS enhanced, earnings quality is significantly positive associated with holding ratio of controlling shareholders, state- owned controlling shareholdings and the ratio of state - owned shareholders. And the ratio of other shareholdings is significantly negative relation with earnings quality. But, when the EPS decreased, the relation is entirely reverse.
出处
《山西财经大学学报》
CSSCI
2008年第8期107-114,共8页
Journal of Shanxi University of Finance and Economics
