Institutional Ownership And The Public Company Accounting Earnings Information In A Timely Manner

Corporate governance and institutional holdings are both hot topics in academic and practice fields.However,accounting information quality,as one of the most important aspects of corporate governance,its effect on institutional holdings was rarely reserched.This paper chooses the timeliness of accounting earnings as representative of accounting information quality,and investigates how institutional holdings vary with it.Firstly,this paper gives an explicit definition about what is the timeliness of accounting and how to measure it.Then,on the basis of the native and foreign literature,this paper chooses the timeliness of accounting and the pencentage of institutional holdings to empirical research.This paper uses 288 companies' data from Shanghai and Shenzhen Stock Exchange from 2001-2006.The result indicates a significant negative relation between timeliness of accounting earnings and institutional holdings.It suggests that in the process of accounting information quality improvement of listed companies in China,the influence of institutions is limited.Lastly,this paper trys to find the reason and give advice to promote the healthy development of the securities market in China.