机构投资者持股对内部控制缺陷的影响  

Influence of Institutional Ownership on Internal Control Deficiencies

作　　者：董卉娜[1] 何芹[1] 

机构地区：[1]上海立信会计学院会计与财务学院,上海201620

出　　处：《山西财经大学学报》2016年第5期90-100,共11页Journal of Shanxi University of Finance and Economics

基　　金：教育部人文社会科学研究青年基金项目(13YJC790041);上海市教委科研创新一般项目(15ZS073)

摘　　要：以2010-2013年沪深两市主板A股上市公司为样本,检验机构投资者持股对内部控制缺陷的影响。结果表明:机构投资者总体持股比例和"压力抵制型"机构投资者持股比例都能显著降低内部控制缺陷的可能性,但它们对重大缺陷的抑制作用并没有强于非重大缺陷;机构投资者总体和"压力抵制型"机构投资者对内部控制缺陷的抑制作用仅存在于持股比例较高的情形,且仅对非重大缺陷产生显著抑制作用;当持股比例低于1%时,机构投资者持股对内部控制缺陷存在促进作用。Based on 2010-2013 A-share listed companies, we research the association between institutional ownership and internal control deficiencies, then find these results： firstly, the total percentage of institutional ownership and the percentage of pressure-resistant institutional ownership could protect internal control deficiencies significantly, but neither of them could make apparently different effect between the material deficiencies and the non-material deficiencies. Secondly, the protect effect on internal control made by overall institutional ownership and pressure- resistant institutional ownership only exist in higher percentage companies, when the percentage of institutional ownership below 1%, there exists significantly positive relationship between the overall institutional ownership and the non-material deficiencies.

关 键 词：机构投资者持股 机构投资者类型 内部控制缺陷 

分 类 号：F276[经济管理—企业管理]