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

The quality of accounting information is always the focus of our government. The objective of the new corporation accounting standard which was issued in 2006 is to stipulate recognition, measurement and reporting of financial accounting and assure the quality of accounting information. But high-quality accounting standard may fail to bring high-quality accounting information. Corporate governance and other factors will hinder us to improve the quality of accounting information. If we want to ensure accounting information quality, we must take these factors into account. Because corporate ownership structure determines the mode and efficiency of corporate governance, corporate ownership structure will also affect accounting information quality.We use the informativeness of earnings to measure the quality of accounting information. We examine how the ability of other shareholders and the state-owned shareholder to affect accounting information quality according analyzing the corporations' data from 2002 to 2004. We find that appropriate ability of other shareholders can improve accounting information quality. Too high ability will take negative affection. In other words, appropriate concentrated ownership and ability of other shareholders will make the first shareholder can monitor the managers and form some limitation to the first shareholder at the same time, and improve the quality of accounting information finally. We also find state-owned shareholder will affect accounting information quality too. But the affection is uncertain. We must make concrete analysis of concrete condition.