The Research On The Relationship Between Listed Companies Governance Structure And Accounting Information Asymmetric In China

There is a correlation between corporate governance structure and the extent of accounting information asymmetry.A perfect corporate governance structure effects positively on the extent of accounting information asymmetry,Corporate governance structure ensures the quality of accounting information through a set of institutional arrangements,reduces the accounting information asymmetry.the perfect degree of the corporate governance structure constrains the extent of accounting information asymmetry,if the corporate governance structure is irrational,such as equity concentrated highly,large shareholders have the right of control,received more accounting information than smaller shareholders,major shareholders make full use of the advantages of access to take private income,to detriment the small shareholders interests.If the two position of the chairman and general manager are into one,there may be serious collusive phenomenon,causing serious internal control,this will result in accounting information asymmetry between operators and the shareholders,creditors,other stakeholders. impacting on the performance of enterprises seriously,reducing the value of the business. Therefore,there is a great theoretical and practical significance to study the relevance of the governance structure of listed companies and accounting information asymmetry in-depth for the protection of the interests of small and medium shareholders,and improving the value.This paper is divided into seven chapters,the first chapter,on research purpose and significance and the research status at home and abroad.The second chapter to explain the accounting information asymmetric theory from the perspective of agency theory and economics and elaborate the theory of corporate governance structure from the contract theory,agency theory,stakeholder theory.The third chapter is the status study on corporate governance structure and accounting information asymmetry,the chapter elaborates the impact on the company governance structure to accounting information asymmetry.The forth chapter is the quantitative study of accounting information asymmetric.The fifth chapter,the empirical research on China's listed corporate governance structure and accounting information asymmetry with China's actual conditions,using realistic data and information used in mathematical statistics related test,simple regression analysis and multiple regression analysis,and other methods;The sixth chapter,to put forward the corresponding policy recommendations for the structure of corporate governance problems,to provide a new way of thinking for improving the company management structure,to provide an effective means for how to reduce accounting information asymmetry,The last chapter to put the conclusions and limitations of this paper.the empirical correlation research shows that there is a significant positively relationship between the shareholder structure,the board features and accounting information asymmetry.there is a significant positively relationship between concentration of shares, the directors scale,manager of directors in the ratio,the two posts set up conditions and the extent of accounting information asymmetry.there is a significant negatively relationship between the shares outstanding ratio,shares checks and balances,the proportion of independent directors,the board set up an independent state and the accounting information asymmetry.