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一般认为,随着控股股东持股比例上升,控股股东对上市公司的控制力增强,控股股东就越有可能对上市公司实施盈余管理,因而控股股东持股比例与上市公司盈余管理之间存在很大的关联。而本文的研究显示,虽然股权分散公司的盈余管理程度大于股权高度集中公司,但其差异并不显著。这表明尽管控股股东的持股比例有高低之分,但其与上市公司盈余管理的关联程度并不明显。
It is generally believed that as the controlling shareholder’s shareholding rises and the controlling shareholder’s control over the listed company increases, the controlling shareholder is more likely to carry out earnings management on the listed company, so there is a gap between the controlling shareholder’s shareholding ratio and the earnings management of the listed company Big relationship. However, the research in this paper shows that although the degree of earnings management of share-based diversified companies is greater than that of highly concentrated companies, the difference is not significant. This shows that despite the controlling shareholder’s share of the high and low points, but its correlation with the earnings management of listed companies is not obvious.