The Background Of Independent Directors And The Quality Of Accounting Information Of Listed Companies: Evidence From The Tide Of Independent Directors

In October 2013,the Ministry of Education issued the Opinions on Further Regulating the Party and Government Cadres' Part-time Jobs in Enterprises.In November,2015,the General Office of the Ministry of Education issued the Opinions on Carrying out Part-time Work of Party and Government Leading Cadres Special inspection notice ",this series of provisions caused a large number of A-share listed companies in the independent directors of the" departure tide."This situation provides an advantage for the test.Independent director of the ban is due to "passive" resignation,unlike the previous study,independent director "active" resignation,which will greatly reduce the self-selection caused by endogenous problems.Based on the empirical data of this phenomenon,this paper studies the influence of independent directors in different backgrounds on the accounting information quality.The results show that: 1.The quality of accounting information of the independent directors of the party and government leading cadres has significant difference with the companies that do not have independent directors and the turnover of independent directors is greater;2.The difference of the real earnings management between the financial professional independent directors and the non-financial expert independent directors is different,but there is a little degree of true earnings management of the financial independent directors who leave the company.This paper analyzes the change of corporate accounting letter quality caused by the turnover of independent directors in A-share market after the release of the 18 th article of the Central Organization Department,further studies the role of independent directors' background to the company,enriches and deepens the functions of independent directors and corporate governance.The theoretical study is of great significance for the company to select the independent director and perfect the independent director system.