The Influence Of Financial Indepeadent Directors On The Quality Of Information Disclosure Of Listed Companies

In the listed company at least one accounting professional as independent director,financial independent directors have a more professional point of view to pay attention to listed companies,to deal with information in a timely manner,accurate,complete,real and normative way,which led to not only a sound information disclosure system,to protect the interests of investors,but also to promote the effectiveness of the securities market to achieve.With the capital market on the transparency of information highly concerned,more scholars began to research the relationship between financial background of independent directors and accounting information disclosure quality.In the past,the focus of this research is on the relationship between independent directors that with a professional background with earnings management or corporate performance.Based on the requirement of higher transparency of information market,this paper uses the entropy method to measure the quality of information disclosure of listed companies objectively,then from the professional background,the number of financial independent directors,the age,the number of part-time posts and the education of the independent directors,using the regression model to study the influence of the main characteristics of different types of financial independent directors on the quality of information disclosure of listed companies.The results of the study show that:(1)The participation of financial independent directors makes the background and function of independent directors more diversified,so that the independent directors can play a better supervisory role,that is,the more the number of independent directors and improve the quality of information disclosure.(2)Research and practical financial independent directors have a positive impact on the quality of information disclosure of listed companies,and the research financial independent directors have a greater effect on enhancing the quality of information disclosure of listed companies.(3)The age,the education and part-time of financial independent directors have a positive impact on the information disclosure of listed companies.(4)The number of board of supervisors,the independence of the board,the size of the company,other members of the board as a control variable has a significant impact on the quality of information disclosure.Based on the above conclusions,this paper puts forward some effective advice on how to increase the number of independent directors and improve the evaluation system of independent financial directors.