An Empirical Study Of Influence Of Accounting Conservatism Corporate Governance

In view of China’s capital market is still imperfect, for all stakeholdersin corporate governance mechanism, the problem of encroach is serious, andat the same time, the intensified enterprise competition and the growingcomplication of management environment lead to the uncertainty of theenterprise management further increased, modern enterprises are facingincreasing risks. Accounting information as a result of checks and balancesin corporate governance, as the primary source of stakeholders to evaluatecompanyJ s quality information, no doubt have played an irreplaceable role inprotecting investors1interests, reducing business risk and preventingcapital erosion.In factors which affecting the conservatism of the company, corporategovernance structure is a key factor, accounting information is the productof corporate governance, is the result of checks and balances of corporategovernance. Accounting earnings conservatism is important qualitativecharacteristics of financial reporting, which will inevitably be affected bycorporate governance factors. So I finally chose to study how to enhanceaccounting conservatism by improving corporate governance factors, andultimately fair and effective protect the interests of all stakeholders ofthe company.CompanyJs survival, development, and growth is inseparable from theindustry environment, companies need to always pay attention to the industrychanges in transition process. Industry environment restricts the company,is one of the factors influencing the decisions of the company. Managers needto be aware of various aspects of the company changes caused by environmentalchange, depending on the industry risk developing differentiated corporategovernance policies. Therefore, industry features, as one of the essentialcomponents of corporate governance, will to a certain extent affect theaccounting conservatism.This article selects2007years-2011years data, is in the fullimplementation of the new accounting standards and data after the completionof the split share structure reform. Using academia broad recognized of Ba.^umodel as measurement means, firstly through academic inspection removed loss’making companys data, deny academia controversial "wash large bath" phenomenon, to verify the existence of accounting conservatism, then fromempirical results quantitatively investigate and analyze the ownershipconcentration, the property of the controlling shareholder, boardcharacteristics, manager holdings, debt ratio and so on more than10speciescompany governance variables on accounting conservatism, finally introducedindustry variables, Through empirical studies verify that differentindustries characteristics of accounting conservatism and industrydifferences in impact of corporate governance factors of accountingconservati sm.Of this entire article is permeated with an important concept, improvingthe accounting conservatism contributes to enhancing the quality ofaccounting information, particularly in the background of the currentfinancial crisis, this concept is especially noteworthy. However, theconservatism is the "fiduciary res"ponsibility concept requirements foraccounting information, fair value measurement is "making useful conce"ptrequired, between how to grasp the degree, how to accurately select theappropriate measurement attributes, These issues still have much room fordiscussion.