投资者保护、终极控制人性质与会计信息可比性  

Investor Protection,Nature of the Ultimate Controller and Accounting Information Comparability

作　　者：袁知柱[1] 侯乃堃 YUAN Zhizhu;HOU Naikun(School of Business Administration, Northeastern University, Shenyang, Liaoning, 110169, China;Guarantee Center, China National Investment and Guaranty Corporation, Shenyang, Liaoning, 110013, China)

机构地区：[1]东北大学工商管理学院,辽宁沈阳110169 [2]中国投融资担保股份有限公司保证担保中心,辽宁沈阳110013

出　　处：《财经理论与实践》2017年第6期70-77,共8页The Theory and Practice of Finance and Economics

基　　金：国家自然科学基金青年科学基金项目(71202153)

摘　　要：通过测度中国上市公司的会计信息可比性值,实证考察了投资者保护对可比性的影响。结果显示:投资者保护程度与会计信息可比性显著正相关,即在我国投资者保护程度较强的地区,企业管理层能更严格遵守会计准则规定,会计信息可比性较高。进一步检验发现,相对于国有控股公司,投资者保护程度与会计信息可比性的正相关关系在非国有控股公司中更加显著,因此,投资者保护制度对国有控股公司管理层会计行为的约束能力较弱。稳健性检验结果发现,这种正相关关系在中央政府控股公司与地方政府控股公司间不存在显著差别。The paper measures the accounting information comparability of Chinese listed companies and then it examines the effect of investor protection on accounting information comparability.The empirical results indicate:investor protection degree and accounting information comparability is positively correlated,i.e.,that in the districts of high investor protection,corporate management will comply with the accounting standards more strictly and then comparability will be higher.Further examination finds that,compared to state owned companies,the positive correlation between investor protection degree and accounting information comparability is more significant for non state owned companies.Therefore the restraining ability of investor protection system on the accounting practices of state owned companies is weak.Robustness test results show that the difference of the above positive correlation is not significant between the central government owned companies and local government owned companies.

关 键 词：投资者保护 终极控制人性质 会计信息可比性 测度 

分 类 号：F235[经济管理—会计学]