Research On The Influence Of Board Features On The Accounting Information Disclosure Quality Of Listed Companies

In modern capital market, the high quality of information disclosure can bring many benefits of improve capital market allocation efficiency and reduce the cost of equity trading etc. At present, There are many problems of information disclosure in our market. The quality of accounting information disclosure of listing Corporation is still to be improved. Therefore, to find the factors that affect the quality of accounting information disclosure of listing Corporation, in order to improve the quality of accounting information disclosure becomes important to solve the problem.This paper studies the board of directors which is the core elements in the internal governance of listing Corporation influence to the quality of accounting information disclosure, mainly from basic characteristics of the board and the personal characteristics of independent directors. So far, there are many literatures about basic characteristics of the board. However the conclusion is inconsistent. The research about personal characteristics of independent directors was very less. In this paper, we aimed at using the latest data and more refined methods to verify controversial conclusion. This paper first summarizes the domestic and foreign relevant literatures summarized the related theoretical basis and illustrates the current situation, analyzing the characteristics of board of directors and independent directors personal characteristics affecting the disclosure quality of accounting information, through the establishment of multinomial logistic model using the newest Shenzhen’s main board data to carry out empirical research, make a conclusion finally.The research results show that the board of directors meeting times and CEO Duality have influence on the quality of accounting information disclosure; A low number of the meetings of the board of directors will make the listed company information disclosure quality worse; Other things being equal, two hats and information disclosure of the listed company is the role of the icing on the cake. Independent director of financial legal professional background have no promotes to the listed company information disclosure quality, if only hope that improve the professional background ratio so as to enhance the quality of information disclosure, the effect will be inverse. Administrative part-time title Independent director ratio and female ratio of independent directors has no effect to the quality of information disclosure of listed company.The innovation of this paper is mainly embodied in two aspects,refer to the research methods, this paper adopted multinomial logistic regression method, retaining the original data in four dimensions in variable assignment, rather than only assignment0,1to four grade. It could draw a more meticulous research conclusion, and also in accordance with the evaluation data on Shenzhen stock exchange, with practical significance. In addition, in the selection of the variable, manual selected each resume of independent director in Shenzhen motherboard listing Corporation, processing the original data, during the three factors independent directors of the individual characteristics, innovatively selected with administrative part of the ratio of independent directors and independent director proportion of female.