Study On Board Of Directors Characteristics To Accounting Information Disclosure Of Listed Companies

In China’s capital market, investors are often based on the financial statements which listed corporation diclosure to the outside to make investment decisions, financial information is the important way to understand the company for the external stakeholders, but the quality of accounting information from china’s listed corporation has been low, financial fraud in listed corporation have occurred from time to time, financial information disclosure problems become more prominent. Therefore, the problem about the quality of accounting information disclosure become a hot academic research, in order to enhance the quality of accounting information disclosure of china’s listed corporation, the scholars are seeking the solution, the securities regulatory department also introduce relebvant policies and regulations, in order to improve the regulation of our accounting information disclosure. But to improve the quality of accounting information disclosure of listed corporation, we must find the root cause of the problem, but in the final analysis, the quality of accounting information disclosure depend on the corporate governance structure,the listed corporation internal governance mechanism is perfect or not, it directly restricts the quality of accounting information disclosure, only to solve the problem of internal governance of Chinese listed corporation, we can improve the quality of accounting information disclosure from the root. The board of directors is the core mechanism of corporate governance structure, supervision the managers, have power of audit the financial information generation process, can prevent the managers for their own interests to whitewash financial statements and reduce the quality of information, so as to protect investors and external stakeholders’ legitimate rights and interests. Therefore, this article will study the influence from the board of directors’ characteristic to accounting information disclosure quality of listed corporation in China, hope to perfect the board of directors system, give the theoretical guidance for improving our accounting information disclosure quality, make contribution to safeguard the interests of investors in the capital market.First,This paper reviewed and summarized the related literature on the board of directors and the accounting information disclosure quality problems. The second, use the normative method research on the board of directors, the board of directors’ characteristic, the quality of accounting information disclosure and content measure method of accounting information disclosure. The third, refrence some related classical theory, analyse each character’s influence on the quality of accounting information disclosure and put forward the expectation hypothesis.The research sample is the Shenzhen Stock Exchange main board listed Corporation, the annual range in2011to2012, use the Shenzhen exchange board official website credibility files "information disclosure evaluation" evaluation results to measure the quality of accounting information disclosure, and selected representative variables of characteristics from the board of directors, including the size of the board of directors, the chairman of the board and the general manager in two positions, the proportion of independent directors,board meetings, the proportion of female independent directors, this five variables as explanatory variables. Using the method of empirical to conduct the analysis research, through constructing the Logstic regression model, using the statistical software SPSS19.0to regression analysis. Draw the following conclusion:first, the size of the bozrd of directors is positively related to the quality of accounting information disclosure; second, chairman and general manager in two position with the quality of accounting information disclosure have negative correlation; third, a higher proportion of independent directors have no significant influence on the quality of accounting information; fourth, the number of board meetings and the accounting information disclosure quality has a significant positive correlation; fifth, the proportion of women independent directors with the quality of accounting information disclosure has no significant influence. Finally, according to the conclusion, about how to strengthen the board of directors of listed corporation in China and improve the corporate governance structure, we put forward relevent measures and suggestions, hoping to provide certain reference significance for improving the quality of accounting information of listed corporation in China.