| This paper has probed into the influence of ownership structure in China's listedcompanies to earnings quality from concentration of shares and stockholder'sidentity combined the supply and demand analysis of accounting information.Theoretical analysis and practical test was combined as research methods in thispaper.Based on the extant studies about the measurement of earnings quality and theinfluence of ownership structure to earnings quality, this paper summarized themethods and conclusions on the positive studies from different angles.Second, this paper analyzed the ownership structure, earnings qua1ity and theinfluence of ownership structure to earnings quality theoretically. Combined thecharacteristics of China's capital market, the definition of earnings quality in thispaper was more concerned about the reliability of earnings. This paper analyzed theownership structure from concentration of shares and stockholder's identity. Fromthe point of supply and demand of accounting information, this paper put forwardthe framework of the impact of ownership structure on earnings information quality.Finally, combined the theoretical analysis, this paper chose the listed companyin 2004-2006 as samples to check up the influence of ownership structure toearnings quality from concentration of shares(the sum of first ten stockholder'sproportions), national stock proportion, corporation stock proportion and circulationstock proportion. The examination result showed that the sum of first tenstockholder's proportion and the earnings quality have re1ations as∩. Againexamined influence of the stockholder's identity to the earnings quality,whichdiscovered that the national stock proportion and the earnings quality have anegative relation. But when the national stock proportion was more than 50%, thenational stock proportion and the earnings quality have a positive relation.Corporation stock proportion and circulation stock proportion and the earningsquality have a positive relation. But when the national stock proportion is more than50%, the corporation stock proportion and the earnings quality have a negativerelation. The reason of not marked coefficient was instability of China's capitalmarket. But the coefficient of the result was also reflecting the correlativity betweenthe ownership structure and earnings qua1ity.The innovation in this article was classified the national stock proportion, and use these classified samples to check up the influence of ownership structure toearnings quality by the same research methods. By contrasting these different results,this paper elicited some conclusions which were different from the conclusions in theprevious literatures. |
