摘要
以2006-2009年深圳A股上市公司为研究样本,在控制了其他影响机构投资者持股的因素后,采用分组检验和多元线性回归的方法,从会计信息质量的角度检验机构投资者总体以及不同类型机构投资者的行为特征。总体上看,机构投资者倾向于持股信息披露透明度高的公司和财务报告可靠性低的公司。分类来看,证券投资基金、一般法人和信托公司更倾向于持股信息披露透明度高的公司;一般法人和保险基金更倾向于持股财务报告可靠性低的公司。
With the A-share companies listed in Shenzhen Stock Exchange between 2006 and 2009 as samples and by using packet inspection and multivariate linear regression method,we research into the institutional investors and their different preferences for accounting information quality in order to examine the influence of accounting information quality on institutional investors and the behavior of different types of institutional investors.In general,institutional investors tend to invest in those companies with higher transparency in information disclosure and those with lower credibility in financial reports.With regard to their classification,securities investment funds,ordinary corporations and trust companies tend to invest in those companies with higher transparency in information disclosure while ordinary corporations and insurance funds prefer those with lower credibility in financial reports.
出处
《广西民族大学学报（哲学社会科学版）》
CSSCI
北大核心
2011年第3期139-144,共6页
JOURNAL OF GUANGXI MINZU UNIVERSITY:PHILOSOPHY AND SOCIAL SCIENCE EDITION
基金
中央财经大学211工程三期资金
关键词
会计信息质量
信息披露透明度
财务报告可靠性
机构投资者
持股偏好
accounting information quality
transparency in information disclosure
credibility of financial reports
institutional investors
ownership preferences
