The Influence Of The Board Of Directors Of Listed Companies In Shandong Province On The Quality Of Accounting Information Revelation Research

The adequacy of the accounting information disclosure transparency, authenticity,affects the operation of the capital market, the efficiency of resource allocation. The stakeholders such as the public are mainly based on the release of accounting information of listed companies in investment analysis and decision-making. Under such circumstance, people pay more and more attention to the discretion of the quality of accounting information disclosure. But in recent years, some listing corporations frequently occur irregularities of accounting information disclosure. this will not only greatly blow to investor confidence, but also go against to the development of china’s capital market, so companies need to address the decline in the quality of accounting information disclosure of listed from the root of the problem. According to China’s imperfect market mechanism status, and in the short term, it is difficult to qualitative change, therefore the urgent task is to solve the problem of poor quality of accounting information from internal governance structure.The board of directors is the core of the internal corporate governance, play the role of mainstay. On the one hand, to safeguard the interests of the shareholders, on the other hand, to perform the supervisory function to the managers, to avoid make bad for accounting information disclosure by the behavior of whitewash financial statements. So this paper studies the influence of the quality of accounting information disclosure from the aspects of the board of directors characteristics.In this paper, based on the status of scholars at home and abroad, then after summarized the previous relevant literature, from regional angle to study the effects of board characteristics of accounting information disclosure. This article selects the data of listed companies in Shandong province from 2011 to 2013 as research samples,Shenzhen stock exchange disclosure of information to the accounting evaluation results as the dependent variable. In the range of five aspects: the board of directors structure features,leadership characteristics, behavioral characteristics, motivation, independent directors personal characteristics. I select board size, proportion of independent directors, chairman and general manager is the joining together of two position,whether state-owned holding, board meetings, the top three directors’ remuneration,female ratio of independent directors, the higher education the proportion of theindependent directors, high age of independent directors proportion as explained variables to study. I use factor analysis, multiple regression analysis to verify the correlation. Empirical results prove that the proportion of independent directors, the state-owned holding, the top three directors’ remuneration, female ratio of independent directors, higher education the proportion of the independent directors and high age independent director proportion are positively related to the accounting information disclosure quality, the size of the board of directors, the chairman and general manager two, the number of meetings of the board of directors are negative to the quality of the disclosure of accounting information. I put forward suggestions to optimize the structure of the board of directors according to the conclusions and combined with regional characteristics in Shandong province, so as to enhance the quality of the accounting information revelation of listed companies in Shandong province.