摘要
投资决策是一种信任决策,会计信息是投资决策的重要依据,良好的制度环境能够增进投资者对代理人提供的会计信息的信任,因此能够提高会计信息的投资有用性。本文主要研究投资者对代理人的信任水平对盈余信息含量的影响,并检验制度环境对盈余信息含量的影响路径。研究表明,投资者对代理人越信任,盈余信息含量越高;良好的制度环境能够提高盈余信息含量,但是这种影响是通过投资者对代理人的信任而间接实现的,当控制了信任水平之后,制度环境的影响随之消失。本文的研究有助于加深人们对制度环境如何影响会计信息有用性的理解。
The Investing decision is a kind of trust decision,and accounting information is an important basis for the decision-making.Institutional factors promote investors' trust in accounting information,so they can increase the investing usefulness of accounting information.This paper analyses how the level of the principal's trust in the agent affects the informativeness of accounting earnings,and tests the path of influences of institutional factors on the informativeness of accounting earnings.The results suggest that the more investors trust agents,the more informativeness accounting earnings have.It is also showed that through promoting the trust the principal has in the agent,good institutional environment can increase accounting earning informativeness indirectly.This study can help us to deepen the understanding of the influences of institutional factors on the usefulness of accounting information.
出处
《中南财经政法大学学报》
CSSCI
北大核心
2011年第5期55-61,143,共7页
Journal of Zhongnan University of Economics and Law
基金
国家自然科学基金资助项目"制度环境
政治联系
会计信息质量与审计行为"(71072053)
教育部人文社会科学研究青年基金项目"声誉机制
会计信息质量与投资者保护研究"(11YJC790076)
广东商学院校级科研项目"‘差序格局’社会关系与会计信息有用性问题研究"(10BS79001)
关键词
信任
制度环境
盈余信息含量
会计信息
市场回报率
Trust
Institutional Environment
Informativeness of Accounting Earnings
Accouting Information
Rate of Marketing Return
