Characteristics Of The Board Of Directors, Board Of Supervisors Characteristics Of Accounting Information Disclosure Quality

The United States in 2001-2002 continuous occurrence of Enron and WorldCom fraud scandals and other events. It gives United States stock market brought a heavy blow and a long downturn. But in the previous two years, the subprime crisis happened relevant to the information disclosure is inadequate. Investment units let subprime mortgage securitization of pack and created a lot of derivative financial products. In this process, the investment unit has transferred risk to the commercial Banks and other financial institutions. It doesn't transfer the risk relevance information toward investor in the process of metastasis risk, caused serious the asymmetry of information. But in our country there is also a similar phenomenon, Yinguanxia event, MACAT event, Oriental electronic event are related to the information disclosure inadequate. The congress of the United States in order to reverse a recession, issued on accounting,disclosure of the reforms of the"Sarbanes-Oxley Act". In our country also introduced a number of related laws and regulations to improve the quality of accounting information disclosure. Accounting information disclosure as corporate governance mechanism is the important constituent, has been the concern of the majority of scholars. Accounting information is the link connects listed company and the investor, because of the high quality of accounting information disclosure will help investors to better understanding of the enterprise, and also disclosure quality improving can help to maintain the investors'interests; High quality of accounting information disclose can reduce information asymmetry on the capital markets, reducing the information related to the information needs of those costs, thereby improving the efficiency of capital markets. In this way, regulate the information disclosure system and improve the quality of information disclosure, help to improve the problem of asymmetric information in capital market, protect the interests of investors. This thesis start with the board of directors in the corporate governance characteristics and features of the board of supervisors, on accounting of the China's listed company's low disclosure and it has good theoretical and realistic significance. This thesis describes the background, significance, contents and methods.And then introduced that the board of directors'characteristic, board of supervisors'characteristic, accounting information disclosure of quality related concepts and relevant research at home and abroad made a literature review and collate their views and comments. Study the board of directors characteristic,board of supervisors characteristic and accountant information disclosure mass. Finally, according to obtained results,some countermeasures were put forward relevant suggestions and prospects. The author based on the Shenzhen stock exchange provides the listed company information disclosure assessment results as disclosure quality measure. At the same time with the help of the GUOTAI JUNAN's CSMAR listed companies and related data in the database. Attempts to study the listed company board of directors and the board of supervisor features and characteristics of accounting information disclosure quality relationship. So as to improve the results of superior corporate governance and improve the efficiency of corporate governance to provide reference .In this paper, based on the study of the domestic and foreign relevant, using a normative research and empirical research and empirical research method of combing. From the board of directors and the board of supervisors'features on the characteristics of accounting information disclosure the influence on the quality of this Angle were analyzed. This thesis first introduces the board of directors and the board of supervisors and accounting information disclosure quality related concepts and content, and then from the board of directors and the board of supervisors characteristics forward characteristics of eight explanatory variables. It is respectively: the size of the board, the President with the general manager whether two hats syncretic, independent directors ratio, the number of directors meeting of the board of supervisors, and scale, the meetings of the board of supervisors number, the member of the board of supervisors whether shareholding, board members get salaries ratio. In addition, this thesis also set up 4 control variables, respectively is asset-liability ratio, net assets yield, vintage dummy variable YEAR1 and year dummy variable YEAR2. This thesis selects the Shenzhen 2007-2009 1778 group data empirical studies conducted by empirical results indicate: The size of the board of supervisors and whether shareholding was positively correlated, the chairman and general manager whether two hats syncretic, board of directors meeting times and the quality is inversely proportional to the accounting information disclosure. The independent directors'ratio of the board of supervisors, and scale, the meetings of the board of supervisors'number and the board of supervisors shall get salaries ratio and the quality of accounting information disclosure no significant correlation between.Finally, according to the empirical results, and combined with the related information of the listed companies in China to improve corporate governance structure and improve the quality of accounting information disclosure, and puts forward some relevant advice.