The Impact Of Ownership Structure On Accounting Information Quality Of Listed Companies

In recent years, the accounting information quality problems caused by the whole society’s attention. Accounting information quality problems involve the financial accounting is a system of corporate governance, corporate governance structure so that information disclosure of listed companies has an extremely important role. The shareholding structure is the basis of the corporate governance structure of property rights, determines the efficiency of corporate governance Different ownership structure determines the different corporate governance structure, so the quality of accounting information will be subject to Company’s equity structure. This article aims to research using empirical methods shareholding structure of listed companies accounting information quality.In this paper, principal-agency theory, property rights theory, stakeholder transaction cost theory, efficient markets theory as theoretical support, drawing on the relevant literature research methods and conclusions elaborated ownership structure and the quality of the basic theory of accounting information to this as the theoretical foundation for the later analysis of the foundation. Combined with our unique research background, a profound analysis of the shareholding structure of the accounting information quality mechanism. Then make relevant assumptions respectively, from the ownership concentration, equity balance degree, managerial ownership, state-owned shares and legal person shares and other parties on the impact of accounting information quality empirical analysis.This paper selected2009a2011Chinese listed companies in Shenzhen and Shanghai stock market panel data, while taking into account different paper industry asset size are different, different levels of competition, the degree of protection of different countries, different levels of market maturity, the company’s ownership concentration and composition is different, so the sub-samples of different industries for processing industry by examining the ownership structure and the quality of accounting information to describe the relationship between ownership structure affect the quality of accounting information, with a certain degree of innovation.This article uses the modified Jones model of roads and bridges measure of earnings management to measure the level of quality of accounting information Using ordinary least squares (OLS) regression analysis, regression model. This article found through empirical research on the ownership structure of listed company’s accounting value relevance of earnings information had an impact, the results showed that:Ownership concentration positively correlated with the quality of accounting information, equity balance degree positively correlated with the quality of accounting information, national ownership and accounting information quality positively related to the proportion of institutional ownership positively correlated with the quality of accounting information, accounting information executives shareholding ratio did not pass the quality test of significance, namely the impact of accounting information quality is not obvious. The research for improving the quality of accounting information of listed companies has played a role in learning, while helping to safeguard the vital interests of investors and maintain economic and social stability.