机构持股与会计稳健性

崔婧; 周晓惠

机构持股与会计稳健性

引用本文：崔婧，周晓惠.机构持股与会计稳健性[J].财经理论与实践,2013,(5):64-68

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作者	单位
崔婧，周晓惠	（1.中央财经大学会计学院,北京100081 2.云南民族大学管理学院,云南昆明650031)

中文摘要: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。

中文关键词:机构持股会计稳健性产权性质成长性

Institutional Ownership and Accounting Conservation

Abstract: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 measure of conservation is based on Basu's earnings-return model. The result shows that the higher the proportion 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.

keywords:Institutional ownership Accounting conservatism Property right Growth potential

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