Empirical Research On The Influence Of External Governance To The Accounting Information Quality Of Listed Corporation

With the rapid development of modern economy,The quality of the accounting information is concerned by more and more.High quality accounting information can reflect the actual operating situation of the enterprise, and provides the basis for decision-making for the investors.On the contrary, false accounting information not only damage the interests of investors but also conducive to the healthy development of social economy.In 2001 the United States "Enron event" start accounting scandal ensued. In 2003, "Southern Health Care" and "world news" accounting fraud case, in2009 the Satyam- $10 billion fraud, 2014 of the Penn west company problems and so on. In the past ten years frequently Accounting fraud to let us reconsider the authenticity of accounting information quality. In this paper, standing in the perspective of external governance to find out the influencing factors that affect the quality of the company's accounting information, has important significance to improve the quality of accounting information.Firstly, the article generalizes the related literature at home and abroad;Secondly,introduces the related concepts about external governance and accounting information quality,and put forward the related factors that affecting the quality of accounting information;Finally, from the degree of competition in the market, manager market,creditor supervision, degree of government intervention and the legal environment and so on several aspects has carried on the empirical research on the basis of selecting the shenzhen stock exchange listed companies from 2012 to 2014 data,and come to the conclusion.Through the empirical analysis and draw the following conclusion:main business profit rate, managers from outside,managers' compensation,The type of listed company financial statement audit opinion,regional legal system environment has positive impact on the quality of accounting information; the degree of government intervention,asset-liability ratio has negative impact on the quality of accounting information;Managers' shareholding and the accounting firm is ranked the top ten has no significant effect on the quality of accounting information. On the basis of theoretical and empirical,This paper puts forward some advice to optimization external governance and improve the quality of accounting information.such as,strengthen market management, weaken the government intervention, strengthen creditors supervision function and enhance the level of intermediaries ofauthentication services.