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笔者以2007～2009年深圳证券交易所A股上市公司作为研究样本,以其信息披露的考评结果作为衡量会计信息透明度的指标,分别考察了包括股权集中度、股权制衡度和股权构成的股权特征对会计信息透明度的影响,在选取控制公司财务风险和公司规模的控制变量后,发现股权特征能够对会计信息透明度产生影响。上市公司的股权集中度越高,股权制衡度越低;国家股持股比例越高,法人股持股比例越低,会计信息透明度就越高。因此可认为,上市公司的会计信息透明度依赖于内部公司治理的股权特征。
Taking the A-share listed companies of Shenzhen Stock Exchange from 2007 to 2009 as a research sample, the author uses the evaluation results of information disclosure as an indicator to measure the transparency of accounting information, and separately examines the characteristics of equity ownership, ownership balance and stock ownership On the transparency of accounting information, after selecting the control variables that control the company’s financial risk and company size, we found that the ownership characteristics can have an impact on the transparency of accounting information. The higher the ownership concentration of listed companies, the lower the equity balance; the higher the proportion of state shares, the lower the proportion of legal person shares, the higher the transparency of accounting information. Therefore, it can be considered that the transparency of accounting information of listed companies depends on the ownership characteristics of internal corporate governance.