Research On Influence Of Financial Headers Background Characteristics In Chinese Listed Companies On The Quality Of Earnings Information

The earnings information is a core aspect of a series of "contractual relationship"formed by the listed company management and the securities regulatory authorities, the taxauthorities, shareholders, creditors and other stakeholders. Among the multi-layerprincipal-agent relationship of shareholders of listed companies, the management and thefinancial person in charge, the person in charge of finance has an irreplaceable function inthe generation of corporate financial report. They have a very close relationship with thequality of earnings information. In order to improve the quality of earnings informationand provide empirical evidence for the selection of financial officers,this article analyzedthe relationship between the financial officers and the quality of earnings information.In this paper, the author based on the empirical research, combined normative researchwith empirical research. Basis of reviewed the relevant literature, introduced the theoreticalthe principal-agent theory, the asymmetric information theory, high-level managementtheory and incentive theory, analyzed theoretically the gender, age, education,remuneration and the effection of terms of office on quality of earnings information offinancial persons. In this paper, used the modified Jones model discretionary accruals tocalculate the absolute value of the available manipulation of accruals as a substitutionvariable of earnings information surplus of information, and utilized multiple linearregression to verify the gender, age, education, remuneration and the effection of terms ofoffice on quality of earnings information of financial persons, confirmed that the gender,remuneration, tenure of financial persons was negatively related to the quality of earningsinformation; the qualifications of the persons in charge of finance was positively related tothe quality of earnings information and the age of finance manager was irrelevant to thequality of earnings information. Finally, the writter offerd some proposals to improve thequality of earnings information, the selection and appointment of financial persons incharge.The main innovation of this paper:(1) The author broked the previous perspective of the principal-agent theory to studythe ralationship of the change of financial managers and quality of the earningsinformation, combined high-level management theory to investigate the effection offinancial background characteristics on earnings quality of the information. This articleexpanded and enriched the view and content of research of relationship between financialofficer and earnings information.(2) Use empirical methods to confirm the affection of the gender, education, tenure and remuneration of financial officers to the quality of earnings information of listedcompanies. And supportted, from empirical,the selection of the person in charge of thefinancial and consideration of the background characteristics when they are appointed havean important role to improve the quality of earnings information.