Research On The Impact Of Corporate Governance On The Quality Of Accounting Information Disclosure By Listed Companies In China

The quality of accounting information has always been an important part of corporate governance.Because the significance of corporate governance is to coordinate the interests of different parties and reduce the information asymmetry caused by the principal-agent problem.How to improve the quality of accounting information disclosure is a problem for joint-stock companies and even the financial market of China.Part of the reason is that many managers lack the thoughts of corporate governance.This is harmful because there is an understanding that disclosure of accounting information is only a means to cope with regulation.As we know,only benign disclosure of accounting information can meet the interests of different parties and promote corporate governance constantly,which in turn is related to the stability of the financial market.The volume of the financial market of China has been expanding over the past three decades.Essentially,the capital market is a virtual market driven by the real economy.To a certain extent,it’s stability depends on the quality of accounting information.In recent years,the fraud of Wanfu Shengke,Sanxia Xincai,Nanfang Konggu and other financial fraud events show that information disclosed by some of our listed companies is misleading and false.Generally,the quality of accounting information is poor.It is the problem of these principal-agent relations that have led some scholars to study the connections between corporate governance and accounting information disclosure.Based on previous research,I studied the internal relations and interaction systematically between corporate governance and accounting information disclosure.I divided the article into five parts.The first part is introduction,it shows the background and significance of this article and clarifies the ideas and methods.The introduction is also where I showed innovation.The second part is theoretical summary.It introduces what corporate governance and information disclosure is and its theories in detail,which lays foundation for the present situation and empirical analysis.The third part analyzes the current status of the internal and external corporate governance,which is divided in the following ways : structure of ownership,situation of the two posts,board of director characteristics,monopoly industry and legal system and so on.According to the results of disclosure evaluation of characteristics of Shenzhen Stock Exchange,I analyzed the quality of account information.The fourth part is the design of empirical research.This is done through the selection of samples,the sorting ofdata and the selection of variables,the research model of internal and external factors and the quality of information disclosure of corporate governance is established,and then empirical research is carried out.Empirical result shows that some factors of corporate governance has significant influence on the quality of information disclosure by listed companies.The last part is conclusion and suggestion.According to the empirical results of this thesis,I pointed out the countermeasures and suggestions on how to improve the efficiency of corporate governance,shortcomings and follow-up research.