The Empirical Research On Relevance Between Listed Companies’ Governance Structure And Quality Of Accounting Information

With the rapid development of China’s capital market, the quality of informationdisclosure of listed accounting has attracted people’s attention. The relevant regulatoryauthorities have proposed reform measures to increase accounting information’s qualityin order to prevent the acts of financial fraud. Some of them have been implemented.However, Listed companies still exist widespread the serious accounting informationdistortion phenomenon that is the accounting information is untrue, not timely,incomplete, and so on. It has damaged investors’ confidence and enthusiasm andaffected the Chinese capital market in the rapid development. The Quality ofaccounting information can not be separated from perfect corporate governancestructure. Perfect company structure may give operators incentives and constraints. Themutual supervision pattern of the shareholders and the Board of Directors and managerscould promote to improve corporate governance structure and enhance the quality ofaccounting information. In theory, the relationship between the internal governancestructures of listed companies and accounting information’s quality is close, so perfectlisted companies’ internal governance structure may contribute to the improvement ofaccounting information’s quality. Therefore, in-depth study of their correlation andinteraction mechanisms, exploring effective corporate governance mechanisms andmeasures to improve the quality of accounting information, to achieve a virtuous cyclehave important practical significance.On the basis of reviewing and summing up literature, analyzing theory betweeninternal governance structure and the quality of accounting information, the articles usespecification and empirical research methods, descriptive statistics, correlation analysis,independent samples T-test and linear regression to conduct the empirical research onthe relationship between the listed companies’ internal governance structure andaccounting information quality. The results show that the proportion of state-ownedshares and the proportion of state legal person shares in ownership structure has significant negative correlation with the quality of accounting information, the countryequity balance degree has significant positive correlation with quality of accountinginformation, the size of the board and the unity of the chairman and general manager inboard characteristics has significant negative correlation with quality of accountinginformation, the size of Board of Supervisors has significant positive correlation withquality of accounting information. Although above empirical results consisting with theassumptions, two assumptions, the proportion of independent directors and theproportion of independent supervisors have not been verified. It is related to thepolicies and current situation that independent directors and independent supervisors inChina generally have not played an actual role.Finally, based on theoretical analysis and conclusions of the study, the article hasproposed the suggestion to improve the listed companies’ internal governance structureand the recommendation to increase in the quality of accounting information.