Ultimate Controlling Stake and Earnings Conservatism---Based on the empirical data of the listed companies of China
Taking the listed companies of China”s A-share markets from the year 2004 to 2011 as a sample,this paper intends to research the impact of ultimate controlling stake on earnings conservatism from the perspective of cash flow right deviating from control right (i.e.two rights deviation).The research finds: 1) the two rights deviation of ultimate controlling shareholder of the listed companies is very common; 2) the accounting of the ultimate controlling stake companies is generally conservative,however,the two right deviation decreases the earnings conservatism; 3) the nature of equity right of ultimate controlling shareholder‘s has an significant impact on the earnings conservatism; the accounting of the listed State-Owned-Enterprises (SOE) is much more conservative than that of Non-SOEs.
ultimate controlling shareholder earnings conservatism two rights deviation cash flow right control right
LIANG Li-hui
Economics and Management School, Southwest Jiaotong University, Chengdu 610031, China;Economics and Management School, Sichuan University of Science and Engineering, Zigong 643000, China
国内会议
上海
英文
1-9
2013-10-11（万方平台首次上网日期，不代表论文的发表时间）