Study On The Influence Of Executives' Power On The Accounting Information Disclosure Quality

Under the condition of asymmetric accounting information,the quoted companies have disclosed accounting information,so that investors and creditors can get the information of company's financ ial standing and management achievement.In order to make the investors confident in the capital market and ensure the healthy development of the capital market,the listed companies should disclose the high quality accounting information.As a manager of a company,the top management team directly involved in the process of collecting,generating,and disclosing accounting information.They have an unshakable responsibility for the quality of the accounting information disclosed by the company.Under the separation system of management rights and ownership,the most real business decision information is transferred to executives.The behavior of executives has a direct impact on the quality of accounting information disclosure of listed companies.So this paper studies the influence of executive power on the accounting information disclosure quality.After combing the relevant literature,this paper carries out theoretical analysis,proposes research hypotheses,selects the listed companies of Shenzhen Stock Exchange from 2012 to 2016 as the research sample,conducts empirical tests with logistic regression,and draws the following conclusions:(1)The quality of information disclosure will be reduced when executives have great structural power.(2)The quality of the accounting information disclosure of the listed companies is better when executives have great ownership power.(3)The quality of the listed company's accounting information disclosure is better when executives have great personal ability power.(4)When the listed company executives have grate political power,the quality of the company's accounting information disclosure is not good.According to the above conclusions,this paper makes the following recommendations:(1)To improve the system of balance of rights and avoid executive serve as chairman of the board at the same time.(2)Use the equity incentive to make the executives and the company becomes a community of interests.(3)Perfect the employing mechanism and give full play to the executive's personal ability.(4)To implement the new relationship between the government and the enterprise under the "new normal".