摘要
以2006~2008年中国民营上市公司为研究样本,研究了金字塔结构对民营上市公司会计盈余可靠性的影响。研究发现,实际控制人的现金流量权与上市公司盈余可靠性呈U型关系;在控制了现金流量权后,实际控制人的控制权越低,即两权分离程度越低,则上市公司会计盈余可靠性越高;上市公司被占用的资金越大,上市公司的盈余可靠性越低。
Using the data of Chinese private listed companies during 2006 and 2008,the effects of pyramidal structure to the earnings reliability in private listed companies have been researched.Results show that there is a U shape relationship between the cash flow right of ultimate controlling shareholders and reliability of accounting earnings;and after controlling the cash flow right,the lower controlling right of big stockholders,the higher earnings reliability;moreover,the more embezzlement behaviors taking place,the lower earnings reliability
出处
《财经理论与实践》
CSSCI
北大核心
2010年第6期55-61,共7页
The Theory and Practice of Finance and Economics
关键词
金字塔结构
资金占用
会计盈余可靠性
Pyramidal Structure
Embezzlement Behavior
Accounting Earnings Reliability
