西安财经学院学报
西安財經學院學報
서안재경학원학보
Journal of Xi‘an Institute of Finance & Economics
2012年
3期
53~59
,共null页
审计质量 终极控股股东 两权分离度 盈余管理
審計質量 終極控股股東 兩權分離度 盈餘管理
심계질량 종겁공고고동 량권분리도 영여관리
audit quality; the ultimate controlling shareholder; the degree of the ownership separation; earnings management
文章以2005—2009年沪深两市A股上市公司为研究样本,研究终极控股股东特征与盈余管理的关系,同时考虑了盈余管理的制约因素,进一步研究了审计质量差异对终极控股股东特征与盈余管理关系的影响。研究结果表明,终极控股股东对盈余管理的影响并没有随着控制权比例的增加由"壕沟效应"转向"协同效应";当终极控股股东为非国有身份时,上市公司盈余管理程度更高;两权分离程度以及金字塔控制层级与上市公司盈余管理程度显著正相关;较高的审计质量有助于识别和降低公司盈余管理程度,并能够抑制终极控股股东两权分离程度对盈余管理的影响。
文章以2005—2009年滬深兩市A股上市公司為研究樣本,研究終極控股股東特徵與盈餘管理的關繫,同時攷慮瞭盈餘管理的製約因素,進一步研究瞭審計質量差異對終極控股股東特徵與盈餘管理關繫的影響。研究結果錶明,終極控股股東對盈餘管理的影響併沒有隨著控製權比例的增加由"壕溝效應"轉嚮"協同效應";噹終極控股股東為非國有身份時,上市公司盈餘管理程度更高;兩權分離程度以及金字塔控製層級與上市公司盈餘管理程度顯著正相關;較高的審計質量有助于識彆和降低公司盈餘管理程度,併能夠抑製終極控股股東兩權分離程度對盈餘管理的影響。
문장이2005—2009년호심량시A고상시공사위연구양본,연구종겁공고고동특정여영여관리적관계,동시고필료영여관리적제약인소,진일보연구료심계질량차이대종겁공고고동특정여영여관리관계적영향。연구결과표명,종겁공고고동대영여관리적영향병몰유수착공제권비례적증가유"호구효응"전향"협동효응";당종겁공고고동위비국유신빈시,상시공사영여관리정도경고;량권분리정도이급금자탑공제층급여상시공사영여관리정도현저정상관;교고적심계질량유조우식별화강저공사영여관리정도,병능구억제종겁공고고동량권분리정도대영여관리적영향。
On the basic of Shanghai and Shenzhen A-share listed companies empirical data from 2006 to 2010,this paper investigates the relationship between the characteristics of the ultimate controlling shareholder and earnings management,taking into account the constraints of earnings management,and further studies the audit quality differences of the ultimate controlling shareholder characteristics earnings management.The results show that the impact of the ultimate controlling shareholder on earnings management never changed with the increase of the proportion of control;when the ultimate controlling shareholder with non-state identity,earnings management more;significantly positively related to the degree of separation of ownership and the pyramid level of control of listed companies extent of earnings management;higher audit quality is helpful to identify and reduce the extent of earnings management,and the influence of the earning management on the increased of the degree of the seperation of the ultimate controlling shareholder.