Study Of The Impact Of Ownership Structure On The Quality Of Accounting Information

At the beginning of 21st Century, a great many accounting fraud cases have been disclosed in both domestic and aboard, that the quality of accounting information received widespread attention and has become a global research subject. To improve the quality of accounting information and to ensure the accounting data to be real and reliable has become an essential link to strengthen the economical management and the financial control. In theory, corporate governance and accounting information institution are designed to alleviate agency problems, and there exists inherent and necessary relationship between corporate governance and quality of accounting information. And the ownership structure is the foundation of property right, the most crucial part of company s corporate governance. This paper argue that the ownership structure function on the quality of accounting information through the corporate governance. If there is a difference ownership structure, it would have affected the quality of accounting information to some degree. Therefore, this paper studied the impact of the ownership structure on the quality of accounting information.This article uses the theoretical analysis method and empirical analysis method in the research. firstly, based on the theory of ownership structure and the quality of accounting information, from the perspective of the economics I elaborate the root cause which impact the quality of accounting information, and then analyze that the impact of the ownership structure on the quality of accounting information in theory. Which mainly includes three aspects:the nature of ownership structure, ownership liquidity, and ownership concentration? Secondly, In the empirical, selecting 2007 to 2009 data of listed companies in Shenzhen and Shanghai securities market as research samples, and the thesis uses return-earnings regression model as a base model, and develops related multiple regression model, which draw the following conclusions:there is a negative connection between the proportion of state-owned shares and the quality of accounting earnings information; there is a negative connection between the corporate shares and the quality of accounting earnings information; there is a positive connection between the proportion of circulating shares and the quality of accounting earnings information; there is a positive connection between the balancing degree of equity ownership equity balance degree of accounting information and the quality of accounting earnings information; but the ownership concentration do not pass the significance test, that is, the ownership concentration cannot significantly affect earnings value-relevance. This may be because the relationship between the top ten shareholders of listed companies in China is extremely complex and cannot really reflect the company's ownership concentration. Finally, according to the concluded puts forward relevant policy suggestions for improving the ownership structure and the quality of accounting information.