机构投资者对信息披露的治理效应——基于机构调研行为的证据

被引:196
|
作者
谭劲松 [1 ,2 ]
林雨晨 [2 ]
机构
[1] 中山大学现代会计与财务研究中心
[2] 不详
关键词
机构投资者; 公司治理; 信息披露; 上市公司调研;
D O I
暂无
中图分类号
F275 [企业财务管理];
学科分类号
摘要
机构投资者既是资本市场中重要的参与者,也是完善公司治理机制的重要主体。现有研究着重于机构投资者持股及其后果,对机构投资者的治理行为和机制缺乏深入探讨。本文从理论上对机构投资者的积极行为进行了分析,认为机构投资者有助于通过改善公司治理水平从而提升公司的信息披露质量,并构建了机构治理影响信息披露质量的理论模型,通过理论模型的推导和实证数据的检验,证明了机构投资者的积极治理效应,发现机构投资者调研行为是其参与治理的方式之一。
引用
收藏
页码:115 / 126+138 +138
页数:13
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