Research On The Influence Of Board Independence On Earnings Quality Under Different Ownership Structures

As economic globalization and market economy competition intensify,how to improve the quality of surplus has become an important issue for China’s listed companies to improve their core competitiveness.The quality of surplus information is not only related to the issue of information disclosure by listed companies,but also affects the various decisions and judgments made by information users on the basis of financial statements,thereby affecting the normal operation of the capital market.Therefore,the exploration of the factors affecting earnings quality has gradually become one of the hot issues in the academic and practical circles.The independent directors in the board of directors exemplify the independence of the board of directors.They have the right to exercise their powers independently,prevent unreasonable and non-compliant decisions of the board of directors,and play a key role in optimizing the corporate governance structure.However,the independence of the board of directors is not an isolated effect without any influence.It is in the company’s environment and is bound to be affected by it.As the basis of corporate governance structure,the shareholding structure has a significant impact on the company’s institutional environment.Therefore,the independence of the board of directors is closely related to the characteristics of the shareholding structure.However,most of the listed companies in China today have problems in the shareholding structure,such as high concentration of equity,a large proportion of state-owned shares,insufficient checks and balances between shares,and executives holding too low shares.In this environment,the independence of the board of directors affects the quality of earnings What kind of changes will happen to the impact of the economy,in other words,what kind of positive effect will the improvement of the ownership structure have on the board’s independence on earnings quality?This article introduces two governance mechanisms,and researches the independence of the board of directors,the ownership structure and the company’s earnings quality under the same framework,based on the collection of documents,the research of related theories and the understanding of the actual situation of the governance structure As the ownership structure changes,the impact of board independence on earnings quality also changes.This article will explore the existence of this effect and the size of the change.This article conducts a descriptive analysis of the sample data,lists the three variables of shareholding structure,board independence and earnings quality by explaining the empirical results,and specifically explains the reasons for the selection of specific research variables,variable definitions and variable interpretations,proposes research hypotheses,and builds multiple Regression model.Finally,the following conclusions are drawn:(1)The higher the independence of the board of directors,the greater the governance effect on the real earnings management of listed companies,but no significant impact on the corresponding earnings management;(2)The proportion of state-owned shares on the board’s independence and authenticity There is a significant negative adjustment effect on the relationship between earnings management;(3)The concentration of equity has a significant negative adjustment effect on the relationship between board independence and real earnings management;(4)The relationship between equity balance and board independence and real earnings management It has a significant positive adjustment effect;(5)The shareholding ratio of senior executives has no relationship between the independence of the board of directors and true earnings management.