The Research On The Influence Of Different Types Of Institutional Investors Holding On The Audit Quality Of Listed Companies

A number of fraud cases not only reflect the reliability of the company's financial reports,but also reflect the great problems of CPA auditing independence and audit quality.Institutional investors have more say in listed companies because of their more funds,rich professional knowledge,strong professionalism,in order to pursue higher returns,they will require listed companies to provide more and higher quality information and disclose the real situation of the company.In order to pursue higher returns,institutional investors will require listed companies to provide more high-quality information and disclose the true situation of the company.This can reduce management's self-interest,whitewash statements,and safeguard institutional investors' investment income.The current scholars' research on the relationship between institutional investors and audit quality mainly depends on how their overall shareholding will affect the audit quality.Whether the shares of different types of institutional investors hold the company's shares will not result in different audit quality.The influence of this,we do not know this.Through the division of investor types,the study of the impact of different types of institutional investors on audit quality and the improvement of the credibility of financial information is a question worthy of our in-depth study.This article,firstly,reads predecessors' related research literature on audit quality and institutional investors.Based on this,it summarizes relevant theoretical and empirical studies on institutional investors,audit quality,and their relationship.Secondly,on the basis of principal-agent theory and information asymmetry theory,the assumptions of this paper are put forward.Finally,this article conducts a regression analysis and selects relevant data of Shanghai and Shenzhen A-share listed companies from 2009 to 2016 as research samples.According to the existence or potential commercial relationship between institutional investors and holding companies,institutional investors are divided into gray institutional investments.Investors and independent institutional investors respectively conducted research.The conclusion shows that the proportion of shareholdings held by institutional investors has a positive impact on the audit quality of listed companies;the proportion of shares held by independent institutional investors has a positive impact on the quality of audits,and the proportion of shares held by grey institutional investors has a negative impact on the quality of audits.Finally,the article summarizes the research results and proposes relevant suggestions based on this,in the hope of playing a beneficial role in the audit quality of listed companies in China.