摘要
以我国A股具有机构持股的上市公司2007～2011年的数据为样本,采用Basu(1997)的盈余-回报率模型研究了机构持股对会计稳健性的影响。结果表明:机构持股比例越高,会计稳健性越好。考虑到产权性质后,国有公司的机构持股比例与会计稳健性具有显著的正相关关系,而在非国有公司中并不显著。另外,高成长性公司中机构持股对会计稳健性的影响显著为正,但在低成长性公司这一结果不显著。
The relationship between institutional ownership and accounting conservatism is investigated by utilizing data of listed firms with institutional ownership in A-stock market from 2007 to 2011. The meas- ure of conservation is based on Basffs earnings-return model. The result shows that the higher the propor- tion of institutional ownership, the better accounting conservatism. When considering different property right, the proportion of institutional ownership and accounting conservatism have a positive relationship in state-owned firms, but it is not significant in non-state-owned firms. Besides, conservatism in firms that grow rapidly is significantly affected by institutional ownership, but it shows little influence in firms that grow slowly.
出处
《财经理论与实践》
CSSCI
北大核心
2013年第5期64-68,共5页
The Theory and Practice of Finance and Economics
关键词
机构持股
会计稳健性
产权性质
成长性
Institutional ownership
Accounting conservatism
Property right
Growth po- tential
