Study Of Related Issues Between Ownership Structure Of Listed Companies And Accounting Conservatism

Economic globalization is an important feature of contemporary world economy, and also the tendency of the development of global economy. In such context, the development of enterprises are facing even more severe test, not only including the domestic competition, but also including new challenges come from international multinational corporations. In this condition of economic challenges of internal and external problems, in order to seek greater development, strengthening of enterprise management should not be neglected of enterprises, and one of the measures is prudent accounting policies. There are many factors affecting accounting conservatism, and one of the most important factors is the ownership structure. This paper tries to show relationship between ownership structure and accounting conservatism of this article from this perspective.Based on related theory of this two aspects researched by scholars at home and abroad, and the sample data of listed companies in Shanghai and Shenzhen from2005to2010, using annual date regression, mix data regression and panel data regression methods, we make empirical tests and the result shows that the list companies in our sample show the conservatism of accounting overall and it is positive related with corporate ownership ratio, circulating ownership ratio, and ownership restriction, but anti-correlated with satate ownership ratio, and ownership concentration.In this article the study provides positive empirical support for relationship between ownership structure and accounting conservatism, while it also provides important implications for deepening joint-stock system reform and perfecting capital and securities market of China. Besides, this article also provides important reference for smooth reform of enterprise, sustainable economic development and the perfection of corporate governance.