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本文通过考查深圳和上海证券交易所中的657家上市公司的治理机制代理变量,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。结果发现: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成正比;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映。研究结果为进一步对会计的其他经济影响和后果研究提供启示。
This paper examines the correlation between cross-sectional data of 657 listed companies’ governance mechanisms in Shenzhen and Shanghai Stock Exchange with the cross-sectional data of accounting earnings and the timeliness index to explore whether the governance mechanism will change with the timeliness of accounting earnings. The results show that directors’ demand for collecting and arranging high-cost information is inversely related to the usefulness of accounting system information. The demand of external shareholders for collecting and arranging high-cost information is directly proportional to the usefulness of accounting system information. The usefulness of accounting information Is an important deciding factor to explain the current changes in equity value. The special governance structure featuring high-cost supervisory activities is a reflection of the shareholders and directors’ demand for collecting and arranging high-cost information. The results of the study provide further implications for the study of other economic impacts and consequences of accounting.