A Positive Research Of The Effect Of The Board Of Directors Characteristics On Earnings Management

The earnings management in Chinese listed companies is due to the flaw of corporate governance. As the agent of owners and the leader of the management, the board of directors plays a crucial role in governance structure, also has great effect on the earnings management. In China, the board of directors is one kind of new government mechanism, whether the board of directors solves the earnings management problem effectively and performs well with its functions? This thesis takes the manufacturing listed companies for A shares as the sample, develops an empirical analysis on the relationship between the board of directors characteristics and the earnings management degree, Thus gives some suggestions that reduces the earnings management degree and improves quality of accounting information for Consummating the board of directors system.This thesis uses the research technique of the literature review, take mainly the agent theory, the controlling theory of the internal person, the information asymmetrical theory as well as the contract theory, then, takes all A manufacturing listed companies for A shares between 2003 and 2004 as the initial sample, using the models of earnings management to calculate earnings management degree of the sample companies, and takes its absolute value, then carries on the arrangement, constitutes the new sample that Arranges company 60 on "high in earnings management degree" and company 60 on "low in earnings management degree", after carrying the description analysis and the even value difference examines examination and comparing analyzes between the two groups of samples, used the Logistic return model examines between the relationship between the board of director's characteristics and the earnings management degree of managers , and gives some discussion based on the result. Finally, obtains the conclusion of this thesis, simultaneously gives some proposals about consummating the board of directors system based on the empirical analysis result.This thesis main conclusion includes: it is remarkable positive relation between the size of the board, the job position for chairman of the board, the proportion of internal directors in the board, the conference quantity of the board of directors and the earnings management degree, and it is not so clear relation between the proportion of Independent directors in the board, Audit Committee, the member who holding the stock proportion in...