The Research On The Correlation Between Accounting Background Independent Directors Of Listed Companies And The Quality Of Accounting Information

In order to avoid the shortcomings of corporate governance caused by the asymmetry of information between managers and investors in the principal-agent environment,China has gradually introduced the independent director system,and clearly stipulate that there should be an accounting professional in the independent directors of the company.They hope that the independent directors of the accounting background can use their expertise to play a good supervisory role for the company.The independent directors of the accounting background mainly supervise the listed companies through the information disclosed by them.So the quality of accounting information can reflect the degree of supervision of independent directors.In order to analyze whether the independent directors of the accounting background have played the desired supervisory role.And if they played a supervisory role,then what characteristics of the accounting background independent directors can promote the quality of accounting information to improve.It is hoped that the research results of this paper will provide reference for the listed company to select the independent directors of the accounting background,and make the corporate governance more scientific.Therefore,this paper will study the correlation between independent directors of the accounting background and quality of accounting information.This paper summarizes the domestic and foreign scholars’ research on independent directors of the accounting background and quality of accounting information.Then this paper explains the concepts of “independent directors”,“accounting background independent director” and “the quality of accounting” respectively.And then this paper explains “Principalagent Theory”,“Asymmetric Information Theory” and “Human Capital Management Theory”,which provide theoretical support for this article.This paper examines whether the independent directors of the accounting background play a supervisory role by studying the correlation between the proportion of accounting background independent directors and the authenticity,transparency and fairness of accounting information quality.This paper examines the correlation between accounting background independent directors’ salary,service life and the authenticity,transparency,fairness of accounting information quality from the corporate governance level.And then,this paper examines the correlation between accounting background independent directors’ age,number of part-time and the authenticity,transparency,fairness of accounting information quality from the individual characteristics level.This paper based on the data of 2015 listed companies of Shenzhen Stock Exchange as the sample analyzes and correlates the correlation between independent directors of the accounting background and quality of accounting information by means of descriptive analysis,correlationanalysis and multiple linear regression and logistics regression.The empirical results show that:The proportion of accounting background independent directors has a positive correlation with the authenticity,transparency and fairness of accounting information quality.Accounting background independent directors’ salary has a positive correlation with the transparency and fairness of accounting information quality.Accounting background independent directors’ number of part-time has a negative correlation with the authenticity,transparency and fairness of accounting information quality.Therefore,in hiring accounting background independent directors,China’s listed companies shall increase their proportion,properly control the pay range,and consider the number of part-time.