摘要
本文以盈余-回报模型为基础,使用Stata软件研究我国A股上市公司2009年到2010年的数据,得到结论:股权分置改革完成后,国有控股股东的性质对企业盈余质量有正向影响的作用,而两权分离度与盈余质量负相关。本研究依此为进一步改善我国企业的公司治理、提升会计盈余质量和优化资本市场的成长提出些许对策和政策性建议,研究结果有很强的现实指导意义。
Based on the surplus - return model, we study China＇s a-share listed companies＇ data of 2009 to 2010 years by using Stata software.We find that after the reform of non-tradable shares the nature of the state-owned controlling shareholders has a positive effect on corporate earnings quality, and two rights separation degree is negatively related to the earnings quality. This study in order to improve our country enterprise code of corporate governance, improve the quality of the surplus, and provide some useful information for the capital market development. At the same time, the research conclusion of this paper can also provide the basis for investment decision of investors.
出处
《山东纺织经济》
2013年第5期21-23,共3页
Shandong Textile Economy
关键词
控股股东性质
两权分离度
盈余质量
nature of the controlling shareholder, two rights separation degree, earnings quality
