Female Executives, Internal Control And Accounting Conservatism

With the continuous progress of society and the ever-increasing growth rate of the world economy,people’s perceptions of women are not limited to the "three-four-four virtues" and "housewives" concepts.Skilled"" Xiuwai Huizhong "and other words.From the perspective of vocabulary change,we can see that women’s status is constantly improving and their role is not limited to traditional "good wife and good mother".They are more involved in social activities and even in male-dominated commercial society.It has become more and more important and has made outstanding achievements.According to the survey,the average female executives’ share in the world reached 24%in 2016,which is a 2%increase compared to last year.The strong rise of female executives has not only attracted a high degree of attention and recognition in business.It has also caused the majority of scholars to study the gender of executives in the academic community.In general,most of the research literature has shown that women have unique personality traits and The way of thinking causes them to be different from men in risk preference,decision-making ability and management style.This will affect the important decision-making and financial behavior of the company,and then have a significant impact on the quality of the company’s accounting information.Accounting conservatism in the academic community has always been one of the important indicators for measuring the quality of accounting information.Although there is controversy over whether accounting conservatism can be used as an important indicator for measuring the quality of accounting information due to changes in financial objectives,this does not prevent accounting conservatism from gradually being used as the accounting standards setting department in most countries in the world.One of the important indicators to measure the quality of accounting information and widely used in accounting principles.In 2006,the "Basic Accounting Standards for Business Enterprises" promulgated by the Ministry of Finance of China also made accounting conservatism an important indicator of the quality of accounting information.In the face of an increasingly complex economic environment,with the continuous changes in economic conditions and the ups and downs of the financial markets,the accounting environment has also become rapidly changing.As a result,the uncertainties faced by companies have continuously increased and the risks they suffer are increasing.The application of the principle of accounting conservatism in the environment has more important practical significance for resisting opportunistic behavior,improving the quality of accounting information,and protecting the interests of various stakeholders.As global accounting scandals such as Enron,WorldCom of the United States and Ansett of Australia frequently appear,questions such as whether or not corporate financial reports should be believed to be true and whether corporate reports are true have caused arousal.A loss,this will inevitably bring the relevant regulatory agencies,legislative bodies and investors in various countries to pay attention to the issue of how to improve the quality of corporate accounting information.In 2002,the US Financial Services Commission and the U.S.House of Representatives promulgated the Sarbanes-Oxley Act(SOX)to better solve this problem.The core content of the act is to clarify the responsibilities of the management and require the relevant management personnel to evaluate the enterprise.It also obtained an internal control report,clearly defined internal control as an important indicator to measure the quality of corporate accounting information,as an important part of corporate governance,and emphasized the constructive role of the company’s senior management in internal control.Based on the above discussion,it can be seen that the internal control,accounting conservatism and top management characteristics are closely related.However,the existing domestic and foreign literatures mostly study the influencing factors of accounting stability and provide a wide range of Evidence,based on women’s high-level characteristics of the characteristics of the management and accounting stability of the conduct of specific research literature is less,the internal control,the characteristics of women executives and accounting conservatism of the three joint considerations that under the conditions of internal control inspection of female executives and accounting conservatism The relationship between the literature is even more rare.This paper selects A-share listed companies in Shanghai and Shenzhen in 2010-2016 as research samples,and selects Basu(1997)model(surplus-stock payment relationship model)which is the most commonly used basic model for studying accounting conservatism in the academic community.Khan and Watts(2009)developed the improved C-Sore model based on the Basu model.Since women’s financial executives and women’s chairpersons have a more significant role in corporate financial information,this article mainly selects female financial executives,female CFOs,and female chairpersons as indicators of female executives.The research ideas of this paper are as follows:First,the proportion of female financial executives is selected to test the relationship between female financial executives and accounting conservatism in A-share listed companies in China;second,whether female CFOs exist to further examine the relationship between female financial executives and accounting conservatism Thirdly,whether the existence of a female board chairman has an impact on the accounting conservatism is examined.Finally,we use the internal control index to examine in depth the relationship between internal control and female executives and accounting conservatism.The study found that:(1)female financial executives significantly improved the accounting conservatism;(2)internal control can promote positive regulation of female executives on accounting conservatism;(3)female CFOs promote the role of accounting conservatism Strong,this with foreign Ge(2011)and so on.People think CFOs are more than they are.All of his senior executives had a more direct view of accounting-related decisions.(4)The existence of female chairpersons is positively related to accounting conservatism but this relationship is not significant,and the reason for this result.This article believes that this is due to the extremely low proportion of female board members in listed companies in China.Through the research of this article,we provide reasonable suggestions for the rational distribution of the ratio of male and female executives in Chinese enterprises,and clarify the importance of strengthening the training of women executives and the construction of teams.Just as the ancient wisdom of Chinese character "An" was displayed,women’s participation in corporate management,especially financial management,is a coup for the company’ s long-term stability.