Policy Uncertainty Executive Change And Accounting Conservatism

This paper selects the annual data of 10559 listed companies in Shanghai and Shenzhen A stock market for 2008-2016 years as samples,and studies the relationship between policy uncertainty,executive change and accounting conservatism.The results are as follows:(1)Under other conditions,top management turnover can promote accounting conservatism;(2)Under other conditions,policy uncertainty will enhance the positive correlation between executive turnover and accounting conservatism.The following suggestions are given:(1)Effective replacement of executives,set up multiple evaluation of senior management ability,to avoid erroneous replacement,or not timely replacement;(2)Enhance accounting conservatism,improve the professional quality and morality of accountants,and prevent accounting personnel from distorting the conservatism principle.;(3)We need to develop and improve the manager's market.Based on the reality background of China,the study of policy uncertainty,executive change and accounting conservatism is not only needed to broaden the scope of senior management change in China,to further advance the existing theory,but also to further improve the capital market,establish and improve the professional manager market and improve the mechanism of senior management change in order to improve the long-term performance of listed companies in China.It is not only of theoretical value,but also of guiding significance in promoting the capitalist market in China.