The Research Of Impact On The Accounting Information Usefulness For Decision Making By Corporate Governance Structure In Agricultural Listed Companies

Along with the fast development of our country’s economy, it is more and more high that themodern enterprise emphasis on corporate governance structure, the accounting irregularitiescontinue to quote at home and abroad, at the same time, people pay high attention to theaccounting information usefulness for decision making. Investors of agricultural listed companiesmake investment decisions mainly depends on the company’s accounting information, but due tothe lack of professional knowledge, it is difficult for them to identify on accounting informationdisclosed by listed companies. At the other hand, the investors’ interests can’t get effectivelyprotected, due to the lag of government regulations and the question of independence of theprofessional auditors, so the fully improving accounting information will be conducive to thelong-term development of the enterprise, and promoting the healthy development of capital marketin our country. Therefore it is significant to research the influence on the accounting informationusefulness for decision making by corporate governance for agriculture listed companies.This article firstly generalized the research achievements of predecessors, summed up therelated research results on the impact on the accounting information usefulness for decisionmaking by the corporate governance structure. Then the paper introduced the related concepts andtheories. The third part of this paper has analyzed the status quo of corporate governance structureand accounting information disclosure of agricultural listed companies in our country. Then thefourth chapter analyzed the influence on the accounting information usefulness for decisionmaking by corporate governance structure by theoretical analysis way in agricultural listedcompanies in our country. In the fifth chapter, this paper selected three years data of agriculturalcompanies from2009to2011which are listed in Shanghai Stock Exchange and Shenzhen StockExchange as the primary data of this paper. In the first this paper put forward the researchhypothesis, then designed the evaluation system of the accounting information usefulness fordecision making in China’s agricultural listed companies, and used the analytic hierarchy processto give the weight to the indexes of evaluation system. According to the collected data multipliedby their respective weighting, this paper calculated the comprehensive scores of accounting information usefulness for decision making of each company each year. Then I established theregression of the corporate governance structure of agricultural listed companies and thecomprehensive scores of the accounting information usefulness for decision making, to analyze theaccounting information usefulness for decision making from seven variables of corporategovernance structure. Finally I got the following conclusions:(1) there is significantly positivecorrelation between the ratio of tradable shares and the accounting information usefulness fordecision making.(2) There is significantly negative correlation between the situation of the jointtogether of the two position of the chairman of the board and general manager and the heaccounting information usefulness for decision making. According to the above analysis of statusquo and the empirical research, this article put forward to the related suggestions of the impact onthe accounting information usefulness by the corporate governance structure in the agriculturallisted companies. It will contribute to the improvement of the corporate governance structure ofthe agricultural listed companies, the guarantee of the sustainable development of the agriculturallisted companies, the promotion of the whole economic market operates in the normal order,solving the problem of capital bottleneck of the agricultural listed companies, eventually making abetter contribution to the development of China’s economics and society.