Company Governance Structure、Law Environment And The Quality Of Accounting Information Disclosure

The issue of the quality of accounting information disclosure has always been a hot topic in accounting academic circle. In the early21st century,because of the accounting fraud of Chinese listed companies such as Yin guangxia and Zheng baiwen,the study on the quality of accounting information disclosure was put on the agenda again. In recent years, because the accounting fraud of Inner Gold Mining company, China Forestry Holdings Co.and Ltd happened, the issues of the quality of accounting information disclosure were brought to the cusp again. Most scholars think that it is the imperfect corporate governance structure that causes poor quality of accounting information disclosure. So most of the studies concentrated on the relationship between corporate governance structure and the quality of accounting information disclosure in the framework of the company’s internal governance structure.In addition, due to the large differences of legal environment between the region of our country, legal environment not only has a direct influence on the quality of accounting information disclosure of listed companies, but also has an indirect influence on the quality of accounting information disclosure by affecting corporate governance structure. So it is significant to study the governance structure of listed companies and the legal environment on the impact of the quality of accounting information disclosure.The main contents of this thesis include:Firstly, this thesis conducts literature review on three aspects-corporate governance structure and the legal environment, the corporate governance structure and the quality of accounting information disclosure, the legal environment and the quality of accounting information disclosure. we clarify the ideas of this thesis by combing through the literature;Secondly, this thesis expounds the theory and describes the status of the corporate governance structure, legal environment and the quality of accounting information disclosure in order to provide strong theoretical support for the following research; Thirdly, we chose2009-2012Shenzhen’s main board and the small board listed companies as the subject, studying the correlation on the quality of accounting information disclosure from the corporate governance structure and the legal environment. The study found:in addition to the board size and the proportion of corporate shares not pass inspection, other hypotheses are tested. The proportion of independent directors, the legal environment and the quality of accounting information disclosure have positive correlation. Chairman and general manager of the "two duty syncretic", ownership concentration and the quality of accounting information disclosure are negatively related. And the law environment has a significant influence on the relationship between corporate governance and quality of accounting information disclosure. Specifically, the improvement of the legal environment weakens the negative effects of board size,"two duty syncretic" and ownership concentration on the quality of accounting information disclosure, and strengthens the positive effects of the proportion of independent directors on the disclosure of accounting information quality. Fourthly, this thesis gives some suggestions from three aspects-board structure, equity structure and legal environment in order to make a contribution to improving our quality of accounting information disclosure of listed companies.The possible innovation of this thesis is putting the legal environment and corporate governance structure into a unified framework to study its impact on the quality of the disclosure of accounting information, and analyzing the impact of the legal environment on the relationships between corporate governance and accounting information disclosure quality.