China's Listed Companies Ownership Structure On The Quality Of Accounting Information

The quality of accounting information is the topic not only accountant cared about. It has become a question cared about by the whole society. To improve the quality of accounting information, to guarantee the accounting data to be real and integrity has become an essential link to strengthens the economical management and the financial control.This article pointed out that the ownership structure function on the quality of accounting information through the corporate governance. If there is a difference between corporate governance, in certain degree it cause the difference between the quality of accounting information. Therefore I studied the influence the ownership structure on the quality of accounting information.This article has used the theoretical analysis method and empirical analysis method in the research. Back on the completeness of the contract theory and the dissymmetrical of the information theory, I analyzed the character of ownership structure influence on the quality of accounting information. In the empirical analysis, I used return-earnings regression model to analyze the influence that different ownership structure on the earnings response coefficient. Through examine the coefficient of product between the character of ownership structure and the level of earning whether remarkable, we can know whether the character of ownership structure function on the earning response coefficient. In the end, we know the influence the ownership structure worked on the quality of accounting information.Through the theoretical analysis and the empirical analysis, this article draws the following conclusion: In the aspect of the nature of ownership structure, proportion of shares owned by state and corporate negatively impact the earnings' value-relevance. Institutional investors positively affect the earnings' value-relevance. In the aspect of circulating, the proportion of circulating stock and sold limited stock positively effect earnings' value-relevance. In the aspect of the concentration, the degree of concentration of shared positively affect earnings' value-relevance. But the balancing degree of equity ownership cannot significantly affect earnings' value-relevance. The audit result type cannot significantly affect earnings' value-relevance.