董事会的终极股东控制与会计透明度

基于终极控制权的视角，从董事会层面研究会计透明度的决定因素。以我国2006-2008年深交所信息披露考评结果中的优秀和不合格主板A股上市公司作为样本,分析终极股东占董事会席位比例、终极股东对董事会的超额控制对会计透明度的影响。研究表明，终极股东占董事会席位比例与会计透明度负相关，但在统计上不显著；终极股东对董事会的超额控制与会计透明度显著负相关，即终极股东占董事会席位比例与现金流权的偏离程度越大，会计透明度越低；相对非国有终极股东而言，国有终极股东控制的上市公司，会计透明度较高。

Research on the Board Controlling of Ultimate Shareholders and the Accounting Transparency

This paper attempts to research on accounting transparency determinant based on the viewpoint of ultimate controlling.With excellent and unqualified listed company of Shenzhen Stock Exchange A-share from 2006-2008 as the sample,it analyzes the influence of ultimate shareholders’ proportion in the board and their excess controlling on accounting transparency.The research shows that there is a negative relationship between the ultimate shareholders’ proportion in the board and the accounting transparency,though it not obvious statistically;there is an obvious negative relationship between the ultimate shareholders’ excess controlling of the board and accounting transparency;and accounting transparency of state-owned listed company is higher than that of non-state-owned listed company.