农业上市公司大股东股权质押对盈余持续性的影响——基于内部控制质量中介效应  

Influence of Equity Pledge of Major Shareholders on Earnings Sustainability of Agricultural Listed Companies:Based on Internal Control Quality Mediating Effect

作　　者：苏梅 SU Mei(Guangxi Financial Vocational College,Nanning,Guangxi 530000,China)

机构地区：[1]广西金融职业技术学院,广西南宁530000

出　　处：《广西农学报》2024年第2期46-54,共9页Journal of Guangxi Agriculture

基　　金：2023年广西中青年教师科研项目(2023KY1550)。

摘　　要：利用2010—2019年我国A股农业上市公司数据,构建中介效应模型进行回归,考察农业上市公司大股东股权质押和盈余持续性作用机制,研究表明:大股东股权质押行为对盈余持续性有显著抑制作用;大股东股权质押行为对内部控制质量有显著抑制作用;内部控制质量在大股东股权质押行为抑制盈余持续性过程中发挥部分中介作用。研究结果丰富了农业上市公司大股东股权质押的负面经济后果的研究理论,为增强投资者的决策能力和提高管理层的治理水平提供了理论依据,进一步补充内部控制质量的治理作用研究。Based on the data of China's A-share agricultural listed companies from 2010 to 2019,the intermediary effect model was constructed for regression,and the mechanism of major shareholders'equity pledge and earnings persistence of agricultural listed companies was investigated.The research shows that major shareholders'equity pledge has a significant inhibitory effect on earnings persistence.Major shareholders'equity pledge also has a significant inhibitory effect on the quality of internal control.The quality of internal control plays a partial mediating role in the process of restraining earnings continuity by the equity pledge behavior of major shareholders.This paper enriches the research on the negative economic consequences of equity pledge of major shareholders of agricultural listed companies,provided a theoretical basis for enhancing the decision-making ability of investors and improving the governance level of management,and further supplements the governance role of internal control quality research.

关 键 词：大股东股权质押 盈余持续性 内部控制质量 中介效应 农业上市公司 

分 类 号：S792.39[农业科学—林木遗传育种]