Research On The Influence Of The Executives' Financial Background For The Quality Of Accounting Information

The accounting information is the main basis of enterprise shareholder appraisal management,it is also a major source of enterprise external investors access to business information.From the micro perspective,the accounting information can provide valuable information for the decision-making of investors;from the macro perspective,the accounting information to guide the flow of capital resources,high capital resources allocation efficiency.The quality of accounting information quality,not only directly related to their personal interests,but also related to the safety and efficiency of the whole capital market.It is because of the important role in the enterprise management and the quality of accounting information in the capital market play,making it become a hot focus of the theoretical circle.A lot of literatures from home and abroad mainly discuss about the enterprise life cycle and the background characteristics of executive perspective and study its effect on the quality of accounting information.The existing research results and theories based on the paper Put forward three problems to solve: financial executives back how to impact on the quality of accounting information;whether the relationship between the life cycle of enterprise executives can regulate the financial background and the quality of accounting information;if can adjust,how will play a regulatory role.In order to solve the above three problems,this method combines theoretical analysis and empirical test.On the basis of theoretical analysis,selected 2007-2015 in all A shares of non-financial,non ST listed companies as research samples.In the sample selection,sample excluding the main indicators of incomplete data,and can be divided into the enterprise life cycle at any stage can be divided into several stages.The sample background data downloaded from the Internet executives executives' resume,and then manually screened the data of executives' financial background.In the study,the accrual earnings management,real earnings management and earnings persistence as a proxy for the quality of accounting information.Earnings management should be calculated by the modified Jones model,calculated by Li Zengfu and Ye Jianfang's model of real earnings management,earnings persistence through a first-order autoregressive model.In order to eliminate the effects of extreme values,we eliminate the extreme value of the accrual earnings management and real earnings management,at the 1% percentile below and 99% percentile above.After the treatment,a total of 12975 samples,the research on earnings persistence of a sample of 10646.In the model,the accrued earnings management and real earnings management the absolute value as explanatory variables,executives of financial background,enterprise life cycle as explanatory variables,the rate of return on total assets,asset liability ratio,the nature of the enterprise,the proportion of the first largest shareholder,the industry,the year as control variables.In the study of earnings persistence,following a period of total return on assets as explanatory variables,in this period the total return on assets,financial background,enterprise life cycle as the explanatory variable,asset liability ratio,the nature of the enterprise,the proportion of the first largest shareholder,the industry,as the year In this paper,we use multiple linear regression model to test the accuracy of the hypothesis.The main contents of this paper and the structure of each chapter as follows: Chapter One: introduction.This chapter mainly introduces the background,research significance,research ideas and methods,the innovation of the thesis.The second chapter is literature review.The literature review part firstly introduces the enterprise life cycle is proposed and stage division,and then from the enterprise life cycle.Two aspects of executive characteristics,the research on the quality of accounting information at home and abroad combing,finally put forward in this paper based on the analysis and review.The third chapter: the theoretical basis and research hypothesis.This part briefly introduces the main theory of this paper used,including the upper echelon theory,agency theory and contract theory.And this paper puts forward the research hypotheses on the basis of the theoretical analysis.The fourth chapter: An Empirical Study on the moderating variables of financial executives background effect on the quality of accounting information based on the enterprise life cycle for this.Mainly introduces the sources of data and processing,empirical research on variable selection,model construction,and the statistical analysis of the data.The fifth chapter: conclusion and suggestion.Summarize the conclusions of this study,and put forward some suggestion on this basis,analysis the limitation.This study shows that the executives of financial background will reduce the quality of accounting information,specifically executives of financial background and accrual earnings management,positively related to real earnings management and earnings persistence is negatively correlated;enterprise life cycle can regulating the relationship between the two,specifically compared with mature companies,growth period and recession period business executives,financial background and accrual earnings management,is more relevant to real earnings management;but compared with the mature period,growth period and recession period enterprises,executives of financial background can improve earnings persistence.The contribution of this paper lies in: one is from the perspective of executive background perspective,to study its effect on the quality of accounting information;the two is a combination of enterprise life cycle,on the background of financial and accounting information quality moderating effect;three is the real earnings management as an alternative variable of accounting information,accounting information rich the substitution of variables.The limitations of this paper: the background information of executives belong to static data,executives of the professional ability belongs to the dynamic information,static data instead of dynamic information errors will affect the conclusion of empirical research;due to the limitation of the model set,could not have studied all the factors affecting the quality of accounting information,are incorporated into the regression model in the alternative variables which may exist executives background.Therefore,further improvement and research.