Listed Company Accounting Information Disclosure Quality Research Related The Corporate Governance Structure

Chinese stock market management is on the way to be standardized after20years development.While the financial fraud cases in listed corporations have occurred one after one. More and moreattention are paid to the listed corporation information disclosure in the market and the low qualityproblem of the information is serious. There are many reasons contribute to the distortion ofinformation disclosure and lack of standard phenomenon. While the most important reason is lackof incentive and effective monitoring mechanism to improve information disclosure quality in thelisted corporation. And this is mainly reflected in the corporation governance that qualityaccounting information disclosure only could be achieved from the open and honest communicationand corporation by the board of directors、independent directors、board of supervisors and managers.The listed corporation accounting information disclosure quality could be fundamentally improvedonly by strengthening the internal governance together with effective regulation and punishmentfrom the market.This paper analyzed the theoretical and empirical aspects of corporate governance structureand the quality of information disclosure. In the empirical study, taking the listed corporations inShanghai Stock Market as the objects during which the financial and incomplete data were excluded.The paper analyzes the relationship between corporation governance structure and informationdisclosure quality through an element and multiple regressions among the597corporations. Thestudy shows that in the total samples, the highest amount of compensation of three directors ispositively related to the accounting information quality. And there are also positive relationshipsbetween managers’ compensation and information quality、prop oration of independent directorsand information quality、supervisors shareholding ratio and information quality. While the board ofdirectors is negatively related with the accounting information quality and same to the relationshipbetween the chairman of the board of supervisors shareholding ratio and the information quality.To conclude, there are promoting effect to the accounting information quality from the listedcorporation executive compensation incentive mechanism. And the independent director and theboard of supervisors give full play to the supervision function. The paper constructed a model to improve the accounting information quality with empirical research and put forward a serious ofmeasures and suggestions to improve the listed corporation governance structure and accountinginformation disclosure quality.