上市公司特征对会计信息披露质量的影响研究
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摘要
上市公司特征主要包括董事会和监事会结构、公司规模、股权集中度、盈利能力、成长能力、资本结构、偿债能力、现金流量获取能力等。以深圳证券交易所公布的信息披露考评结果来衡量信息披露质量的高低,选用Logistic回归分析,来研究上市公司特征对会计信息披露质量的影响。实证分析发现,公司规模、盈利能力和现金流量获取能力与会计信息披露质量正相关;成长能力与会计信息披露质量负相关;而董事会和监事会结构、股权集中度、资本结构和偿债能力与会计信息披露质量没有显著相关关系。对研究结论做出进一步解释,并提出相应建议。
Measuring the quality of information disclosure by the information disclosure evaluation results issued by Shenzhen Stock Exchange,the paper studied mainly the characteristics of listed companies,which may affect the quality of the accounting information disclosure,including the survey index of the structure of board of directors and board of supervisors,the company scale,the equity concentration,the profitability,the growth ability,the capital composition,the solvency,the ability to acquire cash flow and so on. Logistic regression analysis is used to study the influence of listed company characteristics on the quality of accounting information disclosure. The empirical analysis finds that the company scale,the profitability and the cash flow acquisition ability are positively correlated with the quality of accounting information disclosure,while the growth ability is negatively correlated with the quality of accounting information disclosure. Besides there is no significant correlation of such indexes as the structure of the board of directors and the board of supervisors,the concentration degree of equity,the capital structure and the solvency,with that of the quality of accounting information disclosure. Finally,the paper discusses the findings of the research and puts forward corresponding suggestions.
Measuring the quality of information disclosure by the information disclosure evaluation results issued by Shenzhen Stock Exchange,the paper studied mainly the characteristics of listed companies,which may affect the quality of the accounting information disclosure,including the survey index of the structure of board of directors and board of supervisors,the company scale,the equity concentration,the profitability,the growth ability,the capital composition,the solvency,the ability to acquire cash flow and so on. Logistic regression analysis is used to study the influence of listed company characteristics on the quality of accounting information disclosure. The empirical analysis finds that the company scale,the profitability and the cash flow acquisition ability are positively correlated with the quality of accounting information disclosure,while the growth ability is negatively correlated with the quality of accounting information disclosure. Besides there is no significant correlation of such indexes as the structure of the board of directors and the board of supervisors,the concentration degree of equity,the capital structure and the solvency,with that of the quality of accounting information disclosure. Finally,the paper discusses the findings of the research and puts forward corresponding suggestions.
引文
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[2]FAN,WANG.Corporate ownership structure and the informativeness of accounting earnings in East Asia[J].Journal of Accounting and Economics,2002(3):401-425.
[3]高可义.上市公司会计信息披露质量的影响因素研究[D].济南:山东农业大学,2016.
[4]肖鹏文.公司治理结构、法律环境与会计信息披露质量相关性研究[J].财会通讯,2016(18):25-29.
[5]王志菲,李冰.经济学视角下的独立审计与会计信息披露质量分析[J].科技创新导报,2015(9):223-224.
[6]郑统,朱涵一,马建南,等.外部治理机制视角下我国企业环境会计信息质量披露研究[J].商业经济,2015(1):131-133.
[7]沈剑,李红霞.上市公司会计信息披露质量影响因素研究——基于能源企业的实证分析[J].西安科技大学学报,2014(6):754-760.
[8]戴蓬军,董淑兰.上市公司社会责任会计信息披露影响因素研究[J].财会通讯,2010(36):75-78.
[9]王雪华.管理统计学——基于SPASS软件应用[M].北京:电子工业出版社,2014.