Effect Of Corporate Internal Governance Structure On The Quality Of Accounting Information

Quality of accounting information is closely related to the structure of corporate governance, sound corporate governance structure is the guarantee of quality of accounting information, and the governance is the foundation of the formation and quality control of accounting information. There are a variety of problems of accounting information disclosure existed in Chinese listed companies, making the stakeholders can not make the right judgments based on the content disclosed by listed companies, which harms the interests of stakeholders. The real source of the phenomenon that Chinese Public Companies’ degrees of accounting information are uneven is the defects in the internal corporate governance structure. Internal corporate governance issue is a hot issue in recent years, concerned by a wide range of domestic and international academic. As companies put more and more attention to the internal governance structure, its impact on the quality of accounting information disclosure can not be ignored.This paper used normative analysis and empirical analysis methods, based on the sample of993companies listed on the Main Board and Small Plates of the Shenzhen Stock Exchange, from the perspective of internal governance structure, found the impact of the internal governance structure on accounting information disclosure quality.The results show that factors of internal governance structure of listed companies have a significant positive correlation of accounting information disclosure quality, such as the equity nature of, the separation of ownership, ownership concentration, the scale of directors and supervisors’ will, etc.; auditor’s audit opinion, the listed company’s registered location and the scale of listed companies also have a significant positive effect on the quality of accounting information disclosure. It is noteworthy that when using operating cash flow to measure operating performance of listed companies, listed companies operating results also showed a significant positive correlation with the quality of the disclosure of accounting information, and when using ROA to measure profitability, which is positively correlated with the quality of accounting information disclosure, but not significantly. In addition, independence of the board directors and supervisors’ will, the agency under board directors’ will and the quality of accounting information disclosure does not have a significant correlation.The results showed that the internal corporate governance is an important factor affecting the quality of accounting information disclosure. Therefore, the establishment of a sound system of internal corporate governance is an important way to improve the quality of listed companies’ information disclosure. Finally, the paper proposed some recommendations to improve the quality of accounting information disclosure of listed companies.