股权结构、制度环境与自愿性信息披露  

Ownership Structure,Institutional Environment and Voluntary Information Disclosure

作　　者：曹玉贵[1] 王焕焕[1] 

机构地区：[1]华北水利水电学院,河南郑州450011

出　　处：《华北水利水电学院学报》2011年第5期146-152,共7页North China Institute of Water Conservancy and Hydroelectric Power

基　　金：河南省教育厅自然科学研究计划项目(2010A630057)

摘　　要：以深市上市公司2007—2009年的数据为样本,从股权结构角度出发,结合我国上市公司所处的制度环境,实证检验股权结构与自愿性信息披露的关系以及制度环境对二者关系的影响.研究结果表明:政府干预程度越小、法制水平越健全的地区,上市公司越自愿披露更多信息;股权结构在制度环境较好情况下,对公司自愿性信息披露的影响程度更大,并且相对于国有股股东控股公司,非国有股东控股公司的自愿性信息披露水平较高.Taking the data from 2007 to 2009 of Shenzhen listed company as a sample,from the aspect of ownership structure and combining the institutional environment of Chinese listed companies,the relationship between ownership structure and voluntary information disclosure as well as the impact of institutional environment on their relationship were demonstrated.The results showed that listed companies were voluntary to disclose more information in the regions where the degree of government intervention was smaller and the legal system was sounder.The results also showed that ownership structure had greater impact on voluntary information disclosure of companies in the case of better institutional environment,and non-state-owned holding companies had higher level of voluntary information disclosure than state-owned holding companies.

关 键 词：股权结构 制度环境 自愿性信息披露 

分 类 号：F279.246[经济管理—企业管理]