家族所有权监督、董事席位控制与会计稳健性
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财经研究 2013 年 第 39 卷第 03 期, 页码：54 - 64
摘要
参考文献
摘要
文章以家族企业为研究对象,实证考察了家族所有权监督和董事席位控制对公司会计稳健性的影响。研究发现:(1)随着非CEO家族成员的持股比例和董事席位控制比例的上升,家族企业对会计稳健性的需求下降,这种效应仅存在于创业者担任CEO的家族企业中;(2)与非创业型家族企业相比,创业型家族企业更偏好于通过家族所有权监督和董事席位控制机制来提高会计稳健性。文章为理解家族上市公司会计稳健性提供了一个新的研究视角。
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[3]苏启林,朱文.上市公司家族控制与企业价值[J].经济研究,2003,(8):36-45.
[4]王克敏,廉鹏,向阳.上市公司“出身”与盈余质量研究[J].中国会计评论,2009,(1):3-28.
[5]Anderson R,Mansi S,Reeb D.Founding family ownership and the agency cost of debt[J].Journal of Financial Economics,2003,68(2):263-285.
[6]Ball R.Infrastructure requirements for an economically efficient system of public finan-..cial reporting and disclosure[J].Brooking-Wharton Papers on Financial Services,2001:127-169.
[7]Bushman R M,Piotroski J D.Financial reporting incentives for conservative accoun-ting:The influence of legal and political institutions[J].Journal of Accounting and Eco-nomics,2006,42(1-2):107-148.
[8]Chen S,Chen X,Cheng Q.Accounting conservatism and ownership structure[R].Working Paper,2010.
[9]DeAngelo H,DeAngelo L.Controlling stockholders and the disciplinary role of corpo-rate payout policy:A study of the Times Mirror Company[J].Journal of Financial Eco-nomics,2000,56(2):153-207.
[10]Fama E,Jensen M.Separation of ownership and control[J].Journal of Law and Eco-nomics,1983,26(2):301-325.
[11]Givoly D,Hayn C.The changing time-series properties of earnings,cash flows and ac-cruals:Has financial reporting become more conservative?[J].Journal of Accountingand Economics,2000,29(3):287-320.
[12]Morck R,Shleifer A,Vishny R.Management ownership and market valuation:An em-pirical analysis[J].Journal of Financial Economics,1988,20:293-315.
[13]Shleifer A,Vishny R.A survey of corporate governance[J].Journal of Finance,1997,52(2):737-783.
[14]Tosi H,Gomez-Mejia L.The decoupling of CEO pay and performance:An agency theoryperspective[J].Administrative Science Quarterly,1989,34(2):169-189.
[15]Villalonga B,Amit R.How are U.S.family firms controlled?[J].Review of FinancialStudies,2009,22(8):3047-3091.
引用本文
陈德球, 钱菁, 魏屹. 家族所有权监督、董事席位控制与会计稳健性[J]. 财经研究, 2013, 39(3): 54–64.
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