The Empirical Research On The Influence Of Corporate Governance To The Quality Of Listed Companies’ Accounting Information

With the the high speed development of economy, China has become the world’s second largest economic entity. In this background, the role of accounting in economic development is increasingly highlighted. More and more people begin to pay attention to the accounting information and make decisions on the basis of accounting information. As more and more people use accounting information, the quality problem of the accounting information got great attention. In order to guarantee the quality of accounting information, the state departments formulated relevant laws, regulations and accounting rules. However, this doesn’t prevent the happening of accounting and financial fraud. Many listed companies have some serious problems such as the false disclosure of accounting information、earnings management and financial fraud. This not only harmed the interests of the vast investors and their confidence, but also hindered the development of China’s economy. High quality accounting information is the result of perfect corporate governance structure and a good corporate governance structure can coordinate the relationship between the company’s internal personnel. This helps to form the restriction of the general meeting of shareholders, the board of directors, board of supervisors and the management. So it can ensure efficient and orderly operation of the company and help to produce high quality accounting information. Therefore, to study the effect of corporate governance on the accounting information quality can find a way to improve the governance structure and accounting information quality and this has very important practical significance.On the basis of summarizing the domestic and foreign literature, this paper defines the relevant concepts and introduces the related theory. And then, the paper do the empirical research on the relationship between corporate governance and the quality of accounting information of listed companies. Research results show that the proportion of state-owned shares in equity structure has significant negative correlation with the accounting information quality. The first big shareholder ownership is negatively related to the quality of accounting information significantly and the proportion of circulation stock has significant positive correlation with the accounting information quality. The increase of degree of ownership balance was beneficial to the improvement of the quality of accounting information of listed companies. If the chairman and general manager is the same person, this is not conducive to the improvement of quality of accounting information. In the characteristics of the board of directors, the board size has significant negative correlation with the quality of accounting information. And the proportion of independent directors has no significant impact on the quality of accounting information. The board of supervisors and independent supervisors did not play its due role. Finally, the establishment of audit committee also helps to improve the quality of accounting information.According to the results of empirical research, this paper put forward the ways to improve the quality of accounting information of listed companies.