Female Directors, Nature Of Property Rights And Accounting Information Quality Of Listed Companies

From the beginning of 1960, feminist voices in Western countries launched second wave, and the social sciences also had influenced by feminism, and led directly to the rise of feminist studies. The development of human civilization and social progress, diversification wave of development in today’s society is particularly important in the context of economic globalization, the structure composed of corporate executives more and more attention academia. Currently, the research director of women in academia have been more foreign academic achievements, by contrast, domestic research on female directors of listed companies is relatively small. With the social development, social group status of women has been significantly improved, the proportion of senior executives around the world along with the women’s team to enhance women executives in decision-making and management of the company also plays a growing number of effect. However, although the role of women in recent years gradually by the entire community to pay attention, the status has been greatly improved, the average education level is also increasing, but the reality is, whether domestic or foreign, but also whether in government or business senior management, women’s figure is still scarce, the status of women in leadership has not changed substantially, the vast majority of decision-making power is in the hands of men, invisible "glass ceiling" in the still hamper women workplace development.On the other hand, as China’s market economy continues to improve, continue to improve the socio-economic system, business managers, government agencies and social investors in listed companies’financial reports for the authenticity, accuracy increasing demand, whether it can be improved quality of information disclosure of listed companies is particularly critical. Under the premise of the market economy, uncertainty is the vast majority of businesses have to face, the robustness of the implementation of the principle in this case, will be able to take preventive measures before the actual risk to resolve the risk, or the risk of advent When minimize losses. Robustness as an important basis for measuring the quality of accounting information, accounting information in favor of robust long-term stable development of enterprises, help protect the interests of investors and stable growth, and help protect the interests of owners and creditors, and therefore the quality of accounting information by various stakeholders attention. The large number of studies show that women and men respect the character, ways of thinking, ways to deal with problems, risk preferences are very different. Risk appetite, the majority of women are risk averse, the preference for low-risk decision-making behavior, financial and investment decisions in showing a more conservative strategy. This paper will therefore respect the female gender sensible qualities, moral level, and risk preference and other aspects of analysis, empirical research and analysis of women directors in terms of earnings quality is better, whether from the level of board governance, preventing the surplus of their respective companies management phenomenon, and finally achieve the goal of improving the quality of accounting information.Empirical, using the modified article after DD model to China’s listed companies as samples, the quality of accounting information of listed companies with female directors conducted an empirical analysis of the use of 2011-2012 in Shanghai and Shenzhen A-share listed company data, extract the listing companies have female directors of the company, and its empirical research. The results show that the quality of accounting information exists female directors of listed companies has improved significantly, but different ownership properties under different female directors on improving the quality of performance information. After this paper, the relationship between the female directors of listed companies and the quality of accounting information in the empirical analysis, the current situation of female directors were descriptive analysis, analysts pointed out that the distribution of female directors, different industries, different size distributions affect women directors and the reasons analysis. From theory, cultural and institutional levels of analysis lower proportion of female directors reasons, the company’s development of a solid stance Finally, the recommendations on aspects of female directors.This article on innovative topics in the field of home economics, literature nature of property rights for the next female directors on the quality of accounting information in the study is relatively small, in theory, this paper female perspective for the study of Chinese listed companies as well as women constitute the Board of Directors terms of the impact on the company’s executives to provide the relevant supplement. In practice, for the majority of investors in making investment decisions, provide a new decision-making perspective.