| The financial information of the enterprise reflects the overall financial status,operating results and cash inflows and outflows of the enterprise,and is also the main basis for the company to plan to organize reproduction and attract investors.Therefore,how to improve the quality of financial information has become an urgent problem for every enterprise.There are many factors that affect the quality of financial information,and the characteristics of the board of directors are one of them.Since the even board is likely to be controlled by the controlling shareholder and the decision-making efficiency is low due to the existence of a voting tie,the overall supervision is weak and adversely affects the quality of financial information.In order to test whether the even board of directors has low financial information quality,this paper uses all A-share listed companies from 2004 to 2017 as a research sample,and uses empirical analysis to study the impact of the board characteristics of even directors on the financial information quality of the company.The study found that in the univariate mean difference test,the probability of even-numbered board companies receiving revised audit opinions rather than unqualified audit opinions was significantly higher than odd-numbered board companies,even-numbered board companies,first-class agency costs,and second-class agents.The cost is also significantly higher than the odd board companies,and is higher than the mean of the full sample of each variable,which preliminarily validates the hypothesis of this paper.The multiple linear regression again verifies the hypothesis that the even board has a significant positive relationship with the financial information quality,even number The board of directors has a significant positive relationship with the first type of agency costs and the second type of agency costs.The interaction between the even board and agency costs has a significant positive relationship with the financial information quality. |
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