The Impact Of Corporate Governance Structure Of Listed Company On The Quality Of Accounting Information

Corporate governance structure and the quality of accounting information exists very close relationship. With the continuous development and improvement of China's capital market, academic circles pay more and more attentions to study of the impact of corporate governance structure on the quality of accounting information.This paper describes about the theories of corporate governance structure of listed companies and the quality of accounting information,uses 310 listed companies of Shanghai Stock Exchange of manufacturing industry as samples in 2004 and 2008 before and after the Non-tradable Shares reform and establishes improved Earnings Response Coefficient model, using linear regression analysis of the empirical method of comparative study to get results of the quality of accounting information after corporate governance structure is changed,especially the ownership structure and board of directors changed. The empirical results show that corporate governance structure has impacted on the quality of accounting information:the proportion of tradable shares and the quality of accounting information has a positive correlation; the first of the major shareholding proportion has a negative correlation with the quality of accounting information; the board of directors proportion by the first major shareholders have a negative correlation with the quality of accounting information; independent directors proportion is not significantly related to the quality of accounting information. All the conclusions will help companies take measures to improve corporate governance structure and the quality of accounting information.Finally, this paper also gives some advices on improving corporate governance structure and the quality of accounting information according to the research results above. These advices are optimizing the ownership structure, introducing institutional investors and perfecting the independent directors system.