The Research On The Correlation Between The Independent Director Systerm In China And The Quality Of Accounting Information

The Independent director system was originated from western countries, its mission was use the particularity of independent system to solve the agency problems , regularize and supervise the management behavior, and avoid the illegal behavior by listed companies' accountant which can have negative effects on companies' management and the quality of accounting information. As the revolution of corporation management, this system was brought to all over the world, but we did not achieve the intending result in china since we introduced it in 2001.There has been a large amount of investigations about independent director system and the quality of accounting information since we introduced this system prior to lastest; however, most of these analysis on the relationship of the independent director system and the quality of accounting information are based on other perspectives. This article chooses the A-share listed companies in Shenzhen Stock Exchange as samples, and collects the relevant data of the independent directors and the quality of accounting information, then takes the general descriptive statistics analysis and relevant analysis. Especially takes the disclosure of accounting information grade as a substitute variable of the quality of accounting information, which is also the explained variable, takes the several characteristics of the quality of independent directors as the explaining variables takes firm size,achievement,leverage and share structure as the control variables. Then,the article establishes the multi-element regression models which are used to conduct the empirical research on the influences of the independent director system on transparency of the quality of accounting information through multivariate linear regression analysis.After analysis, this paper finds that the proportion of independent directors of the listed companies doesn't play a role of the quality of accounting information, which is different from the previous research results; There is a significantly positive correlationship between the reward of the independent directors and the quality of accounting information, which overthrews the paradox of independent director's reward in a way; There is not a significantly relevant relationship between the knowledge structure of the independent directors and the quality of accounting information.