股权结构与避免亏损型盈余管理的实证研究
首发时间:2005-10-17
摘要:本文在考查我国2004年和2003年上市公司净资产收益率频数分布的基础上,进一步运用probit分组研究方法分析了股权结构与避免亏损型盈余管理之间的关系,实证结果表明国家股比例、股权集中度与避免亏损型盈余管理发生概率正相关,而股权制衡度和流通股比例与避免亏损型盈余管理发生概率的关系不显著,进一步证明了我国股权结构的一些特征对上市公司盈余管理行为的影响。
关键词: 盈余管理 股权结构, probit分析
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The Empirical Research between Ownership Structure and Loss-avoiding Earnings Management
Abstract:In this empirical research, we use probit grouping method to analyze the relationship between ownership structure and the loss-avoiding earnings management on the basis of examining earnings distributions of listed companies in 2004 and 2003. The empirical result indicates that the proportion of state shares and the equity concentration ratio is positively related to the possibility of loss-avoiding earnings management, however, the relation between the equity restriction ratio and the proportion of circulating shares and earnings management is not significant. So the empirical research further improves the influence on the earnings management of listed companies by ownership structure.
Keywords: earnings management, ownership structure, probit analysis
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No.3261306591129513****
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