国有资本授权经营体制改革能提高国企会计信息质量吗?  

Does the State-Owned Capital Authorized Operation System Reform Improve the Accounting Information Quality of State-Owned Enterprises?

作　　者：綦好东[1,2] 吕振伟 杨丹 Qi Haodong;Lyu Zhenwei;Yang Dan

机构地区：[1]山东财经大学会计学院,山东济南250014 [2]山东财经大学国有资本研究院,山东济南250014

出　　处：《证券市场导报》2024年第4期13-24,共12页Securities Market Herald

基　　金：国家社会科学基金重大项目“深化国企混合所有制改革的理论与实践创新研究”(项目编号:21ZDA040);国家社会科学基金一般项目“国企混改促进价值链重构的机制、效果与推进策略研究”(项目编号:22BGL100)。

摘　　要：以管资本为主改革国有资本授权经营体制是深化国资国企改革的重要突破口。本文利用手工搜集的国有资本投资运营公司试点数据,以2009—2022年沪深A股国有上市公司为研究对象,采用多期双重差分模型考察了国有资本授权经营体制改革对国有企业会计信息质量的影响。结果显示,国有资本授权经营体制改革能够显著提高国有企业会计信息质量。进一步研究发现,国有资本授权经营体制改革对会计信息质量的提升作用受到行政层级、功能界定与分类、非国有股东治理的影响。本文丰富了国有资本授权经营体制改革经济后果以及会计信息质量影响因素的相关研究,对深化国资国企改革、促进资本市场平稳健康发展具有启示意义。Reforming the state-owned capital authorized operation system based on capital management is an important breakthrough in deepening the reform of state-owned assets and state-owned enterprises(SOEs).Based on the manually collected data of state-owned capital investment and operation company pilots,this paper uses the multi-period difference-in-differences model to investigate the impact of the state-owned capital authorized operation system reform on the accounting information quality of SOEs with the sample of A-share listed SOEs on the Shanghai and Shenzhen Stock Exchanges from 2009 to 2022.The results show that the state-owned capital authorized operation system reform can significantly improve the accounting information quality of SOEs.Further research finds that the impact of the state-owned capital authorized operation system reform on improving the accounting information quality is affected by administrative hierarchy,function orientation and classification,and the governance of non-state-owned shareholders.This paper enriches the research on the economic consequences of the state-owned capital authorized operation system reform and the determinants of accounting information quality,which has implications for deepening the reform of state-owned assets and SOEs and promoting the stable and healthy development of the capital market.

关 键 词：国有资本授权经营 会计信息质量 国有企业 国有资本投资运营公司 

分 类 号：F276.1[经济管理—企业管理] F830.91[经济管理—国民经济]