This paper chooses the timeliness of accounting earnings as representative of accounting information quality,and investigates how institutional holdings vary with it.

As one of the key characteristics financial reporting of listed companies,earnings timeliness plays an important role in contracting between company management and stakeholders.

Using company s earnings timeliness proxy for this usefulness,this paper provide empirical evidence that the usefulness of earnings timeliness is distinct from other company characteristics and has negative effect on company s incentive plans such as equity-based incentives and compensation plans significantly.

An Empirical Research of Correlation Value of Accounting Earnings and Cash Flows——Evidences from Shanghai & Shenzhen Stock Markets;

An Empirical Study of Accounting Earnings Conservatism of Listed Companies in China;

Size and Book-to-Market Factors in Earnings:Evidence from the Chinese Listed Companies;

In this paper, by sampling A - share firms listed in Shanghai and Shenzhen Stock Exchanges from 1998 to 2002, the author examines the impact on next year s earnings and next two years stock returns measured by accruals as a standard of earnings quality.

The paper expounds the difference between earnings and cash flow,and put for ward the writer s own view:We should use earnings as primary,use cash flow as necessary supplement when we evaluate a corporation s performance.