Empirical Study Of Executives Changes’ Impact On Earnings Quality Of Listed Companies

With the constant improvement of China’s securities market, the number of listed companies is also booming. For a long time, shareholders, creditors, government agencies and other stakeholders, they made decisions by the earnings information provided by the listed companies. They also use these information to evaluate enterprise managers’performance. In recent years at home and abroad, more and more exposure of the false accounting information makes the accounting information users aware of the focus of attention is not only the number of surplus, more they should pay attention to is the quality of accounting surplus. This shows that accounting surplus information contains both the number of surplus, also contains the quality of the surplus. If they use the amount of accounting surplus information only, they may make wrong decisions. Earnings quality is worth more attention and research.There are many factors that can affect the quality of accounting surplus, executives’change is one of these important factors. Its influence on the quality of the surplus is also needed to be more scholars’research topic. Even though there have been some scholars studied the surplus management before, but the research on the relationship between the earning quality and executives’changes is not enough, or the research data is old. At present, in the capital market of our country, the proportion of executives’changing is high, managers market is not perfect, corporate governance is imperfect. Aiming at this situation, how to overcome and improve our country’s capital market is imminent.Based on this background, this article takes the relevant index data of listed companies in our country in recent years as the basis of empirical research, in order to study the relationship between executives’changing and the company’s earnings quality. This thesis, first to introduce the theoretical basis of executive changes and earnings quality, it mainly introduces the concept of both in turn, the principal-agent theory, theory of human limitations, accounting rent-seeking theory, executive changes impact on earnings quality theoretically; In the third chapter, the thesis uses the data to draw status quo of the executives’changing of listed companies, from the proportion of change, the main reasons of changing, office term, and leaving ages, succession personnel; The empirical chapters, the fourth chapter is this article set up earnings quality index and executive changes such as the independent variable of multivariate linear model, and then the regression, the regression results and put forward the assumption, then check whether assumption is verified; The last part of the thesis mainly summarizes the empirical conclusions, and according to the conclusion, combining with the actual situation of the capital market in our country, put forward the feasible policy Suggestions, hoping it can have certain theoretical and practical significance for the perfection of the capital market in China, the accounting information user to make the right decisions, etc.