【作者】 杨忠海； 周晓苏； 冯明；

【Author】 Yang Zhonghai1 Zhou Xiaosu2 Feng Ming1(1.Accounting School,Harbin University of Commerce,Harbin 150028;2.Business School,Nankai University,Tianjin 300071)

【机构】 哈尔滨商业大学会计学院； 南开大学商学院；

【摘要】 以中国沪深两市A股上市公司2004-2006年间的2940个公司年度为样本,以财政部发布的企业会计准则——基本准则和FASB发布的第2号公告中的会计信息质量特征为基础对财务报告透明度进行了度量,研究了政府最终控制、控股股东行为对财务报告透明度的影响。研究发现:控股股东掏空行为显著降低了财务报告透明度;国家最终控制的上市公司的财务报告更不透明,并且政府干预动机越强,财务报告透明度越低;财务报告透明度与最终控股股东的所有权比例呈U型变化,与其他股东的制衡能力呈同向变化。更多还原

【Abstract】 We investigate the impact of government control and controlling shareholders’ behavior on financial reporting transparency.Based on a total of 2940 samples obtained from listed firm over the three-year period between 2004 and 2006,we comprehensively measure financial reporting transparency.The empirical results indicate that the tunneling behavior significantly decreases the financial reporting transparency.The state-owned listed companies have less transparent financial reports.The more government intervention is,the lower financial reporting transparency of the listed company.The proportion of control right of ultimate shareholders has a significantly negative relation with financial reporting conservatism.The relation between cash flow rights held by the ultimate controlling shareholder and financial reporting transparency shows ‘U-shaped’ curve.We also find that the check-and-balance ability of the second to the fifth largest shareholders can positively affect financial reporting transparency.更多还原