Study On Effect Of Corporate Governance On Disclosure Of Accounting Information Of China's Listed Company

Since the global financial crisis happened in 2008,this caused highly attention are paid to the quality problem of accounting information in the worldwide scale. All countries take increasing the quality of accounting information as an important measure to improve the financial market environment. The low quality of accounting information has seriously affected the healthy and stable development of Chinese securities market. In the process of perfections Chinese securities market, the relationship between disclosure of accounting information and corporate governance issues attract the attention of both the academic and practical.By the way of empirical research, this article explores the influence of internal corporate governance on the disclosure of accounting information. This study has very realistic meaning in promoting our securities market to keep on healthful development and protecting the legal rights of all the investors in the end.Firstly, this paper analyzes the present situation of corporate governance and the disclosure of accounting information, based on then domestic and foreign status with the theory of corporate governance and disclosure of accounting information. This paper uses normative analysis and empirical analysis to analyze the problem of the disclosure of accounting information and find that the issues of corporate governance is the main reasons of low quality of accounting information.Secondly, this paper takes listed companies in Shenzhen stock exchange from 2006 to 2008 as the research example, using descriptive statistics, correlations, diversity test of the mean value, binary logistic regression analysis to verify the impact of internal governance structure of listed companies on the disclosure quality of accounting information. Research shows that the proportion of state-owned shares of listed companies, equity balance degree and chair and general manager of both unities have significant impact on the disclosure of account information. Finally, according to empirical analysis results, this paper gives some advice to perfect the corporate governance of listed companies,such as to strengthen the supervision and restraint to major shareholders, to enlarge the structure shares holed by different company, to protect the right of small and medium shareholder, to specify the responsibility between the independent director and the board of supervisor, to establish the mechanism of encourage and constraint. The purpose of this paper is to perfect corporate governance, improve the quality of accounting information, and promote our securities market to keep on healthful development.