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基于我国上市公司的治理特征及所处的制度环境，从盈余的价值相关性角度，运用实证分析的方法，研究了股权结构、董事会特征和管理层激励对盈余质量的影响。研究结果表明，对于股权集中度高的上市公司，证券市场更认可其盈余质量，股权制衡有利于上市公司盈余质量的提高；独立董事制度和审计委员会的设立能提高上市公司的盈余质量，而单一的管理层薪酬激励能增强管理层盈余操纵的动机，从而降低盈余质量。“,”Based on China＇s corporate governance and institutional environment, this paper studies on the effects of ownership structure, characteristics of board and management compensation on earnings quality from the perspective of the value relevance of earnings. The conclusions show：concentration of ownership structure is positively correlated with earnings response coefficients, ownership balance can improve earnings quality; independent board of directors and audit committee also improve earnings quality; management compensation is negatively correlated with earnings quality.