Research On The Influence Of Corporate Governance On The Quality Of Information Disclosure Of Agricultural Listed Companies

As the vanguard in the development of agricultural modernization,listed agricultural companies are of great significance for promoting the high-quality development of the agricultural industry.Strengthening the information disclosure awareness of agricultural listed companies,improving the quality of information disclosure,and effectively protecting the legitimate rights and interests of investors,play an important role in promoting the sustainable and healthy development of agricultural listed companies.However,in recent years,a series of incidents of false information disclosure by listed agricultural companies have occurred,for example,the Zhangzidao Scallop Incident,the Huishan Dairy Alfalfa Incident,and the Zhenlong Specialty IPO Incident have seriously affected the overall image of listed agricultural companies and restricted the healthy and stable development of the agricultural industry.There are many factors that affect the quality of information disclosure,among which,imperfect corporate governance is considered to have affected the quality of information disclosure to a large extent（Chen Xichan et al.,2020;Bi Huashu et al.,2021）^[1-2],for example,Zhangzidao’s shareholding structure and management structure,Huishan Dairy’s shareholding structure and professional committee setting,Zhenlong Specialty’s external audit failure,and other internal and external governance defects are important reasons for the inaccurate information disclosure quality.Good corporate governance can improve information transparency,reduce information asymmetry,and achieve effective communication,it can help relevant stakeholders more comprehensively and timely understand the performance of corporate managers’fiduciary responsibilities,so as to make scientific decisions.Based on this,it is of great practical significance to study the impact of corporate governance on the quality of information disclosure.This paper adopts information asymmetry theory,principal-agent theory and fraud triangle theory as the research basis,and takes agricultural listed companies as the research object,through theoretical analysis and empirical analysis,researched on the impact of corporate governance on the quality of information disclosure of agricultural listed companies,the results show:（1）Considering the actual situation of listed agricultural companies in my country,improving corporate governance is a realistic choice to improve the quality of information disclosure;（2）Through the analysis of the information disclosure quality of my country’s agricultural listed companies,it is found that the overall information disclosure quality of my country’s agricultural listed companies is not high;（3）The results of empirical analysis show that corporate governance does have an impact on the quality of information disclosure of agricultural listed companies.Among them,the shareholding ratio of senior executives,the intensity of product market competition,the number of consecutive audit years and the type of audit opinions of accounting firms have a significant impact on the quality of information disclosure of agricultural listed companies.Therefore,to improve the information disclosure quality of listed agricultural companies in my country,the following four aspects need to be done:（1）Improve the executive incentive system;（2）Improve the awareness of the quality of information disclosure of agricultural listed companies;（3）Improve the market mechanism and environment;（4）Strengthen the independence of audit institutions.