论文部分内容阅读
本文通过考查1997年到2004年间上市公司治理机制代理变量与会计盈余及时性指标之间截面数据相关关系,探讨治理机制是否随会计盈余及时性而变化。结果基本支持了本文的假设:董事对高成本信息收集和整理的需求与会计系统信息的有用性是倒数关系,外部股东对高成本信息收集和整理的需求与会计系统信息的有用性是正相关关系;会计系统信息有用性的重要决定因素是解释股权价值现时变化的程度;以高成本的监督活动为特点的特殊治理结构是股东和董事对高成本信息收集和整理需求的反应。
By examining the cross-sectional data between the proxy variables of listed companies’ governance mechanism and the indicators of the timing of accounting earnings from 1997 to 2004, this paper explores whether the governance mechanism changes with the timeliness of accounting earnings. The results basically support the hypothesis of this article: the directors’ demand for collecting and arranging high-cost information is inversely related to the usefulness of accounting system information, and the need for external shareholders to collect and arrange high-cost information is positively related to the usefulness of accounting system information ; The important determinant of the usefulness of accounting information is to explain the current changes in the value of equity. The special governance structure characterized by high-cost supervisory activities is the response of shareholders and directors to the needs of collecting and arranging high-cost information.