Study Of The Effect Of Corporate Governance On The Quality Of Accounting Information Disclosure

The economy of China is speeding up to integrate into the world as the China’s reform and opening up is processing. Overseas listing and cross-border M&A companies increased rapidly in recent years, at the same time a important problem is arising, that is whether the disclosed information from Chinese listed company can be accepted by international community. Accounting scandals accrued frequently also made the information disclosure become the focus of the capital market. From the perspective of corporate governance, the essential reason of low-quality accounting information of listed companies is not accounting and auditing process, but whether the corporate governance structure is reasonable or not. More and more domestic and foreign scholars relate the disclosure of accounting information to the corporate governance structure to discuss the relationship between them. Corporate governance is a system arrangement; its key function is to solve the principal-agent problems in enterprise’s management, accounting information plays a key role in providing information and management oversight in this system arrangement. They promote each other, the corporate governance structure can provide institutional environment for the disclosure of accounting information, accounting information disclosure in turn promote the optimization of corporate governance structure.The broad sense of corporate governance including the internal corporate governance structure and the external company governance structure, we focus our study on the relationship between internal corporate governance structure and disclosure of accounting information. In this paper we combined the methods of normative research and empirical research, firstly summarized of domestic and foreign scholars’ relevant research, and then divided the internal corporate governance structure into three aspects, including shares quantities structure, ownership structure and board characteristics, then discuss how corporate governance structure affects the quality of accounting information disclosure. This paper selects the panel data of 404 listing Corporation listed on the main board of the Shenzhen stock exchange in 2012, use of statistics in multivariate linear regression method to establish the empirical analysis model. The empirical results show that the higher the proportion of tradable shares the disclosure of accounting information quality is better, the ownership concentration increase and equity balance degree of the same degree of improvement is conducive to improve the quality of accounting information disclosure. The proportion of corporate shares and the quality of accounting information disclosure is positively correlated, but the proportion of state shares and accounting information disclosure is negatively related to relationship quality, quality management ownership can improve the disclosure of accounting information. The larger the board of directors, the higher proportion of independent directors, and the listing Corporation accounting information quality is higher.In the last chapter of the paper, based on the analysis of previous theoretical and empirical, summed up the existing questions in governance structure of China’s listing Corporation, and proposed how to perfect the internal governance structure of the listing Corporation, thus to improve Chinese listing corporation accounting information disclosure quality.