會計保守性為盈餘品質特性之一，其已存在好幾個世紀，且有證據顯示在過去三十年間有增加的趨勢，對於會計實務影響深遠。會計保守性會造成資產的帳面價值被低估，但卻提高會計盈餘品質。 本研究探討會計保守程度與財務困難機率之關係、機構投資人對於公司之持股與會計保守性之關係以及財務困難機率與機構投資人持股之關係。實證結果發現：會計保守程度較高之公司其財務危機機率較低，顯示會計保守程度較高之公司其財務體質較佳；公司財務困難機率愈低，則機構投資人持股愈多；而會計保守程度對於機構投資人之持股行為亦有顯著之影響。 / Conservatism is an attribute of accounting earnings, which has been present in accounting practice for centuries and appears to be more popular in the last 30 years. It persistently understates the book value of net assets while increases earnings quality. The influence of conservatism on accounting is significant. This study examines the relations among accounting conservatism, financial distress, and institutional holding. The findings indicate that the higher the accounting conservatism the lower the financial distress probability, the lower the financial distress probability the more the institutional holding, and the accounting conservatism has also significant effect on institutional holding.