Study On The Relationship Between The Haracteristics Of The Board Of Directors Of The Listed Companies And The Accounting Conservatism

In recent years, the choice of accounting policy is becoming more and morerich, accounting conservatism is greatly challenged. So, in the era of financialcrisis, we should be more in-depth to study of accounting conservatismgeneration mechanism and implement method of positioning and to rethink therole of accounting conservatism in the fair value measurement model, improvingand implementing the accounting conservatism. Board system is an importantpart of the internal supervision mechanism in corporate governance. The boardof directors is the top of an organization to supervise and control the system. Theboard of directors system is a very important part of the governance of listedcompanies in internal supervision mechanism, and the robustness is a veryimportant characteristic of the whole accounting system, to reduce the loss ofagency conflict and to improve the enterprise value. Because the internationalaccounting standards has always attached great importance to the measurementproperty of fair value as important, so robustness research has always been thefocus of the accounting information quality research abroad, and in the domesticresearch on robustness, because in recent years economic fluctuation is so big tostart slowly to the attention of the scholars, and the domestic scholars havedifferent versions of motivation factor influence for the company. Therefore,studying relationship between them is a very meaningful thing.This paper discussed the board of directors’ characteristics and robustnessof the accounting on the basis of relevant theories, and the interaction of the twowas further analyzed, and then put forward some assumptions. In this paper,based on the a-share listed companies in China from2010to2012, and based on Basu model, with the actual situation of our country, the model was modified,more suitable for the regression model was established. In the empirical analysis,first the paper made use of descriptive statistics analysis of the board of directorscharacteristics variables, and then on the basis of correlation respectively regresstest of six variables and characteristic of the board of directors of the listedcompany accounting robustness, finally put forward relevant policy Suggestionsaccording to the results of the regression analysis, in order to improve the systemof board of directors, to improve the management efficiency of the board ofdirectors, to reduce agency cost, and to improve our country public companyaccounting conservatism.In this paper, the latest data results show that: Firstly, at present there is theaccounting conservatism in our country. Secondly, based on the empiricalanalysis, obtained the result: the board size, the proportion of independentdirectors, board meeting frequency, the establishment of the audit committee andaccounting conservatism have a significantly positive correlation, and the boardshareholding and accounting conservatism have no significant correlation,chairman and general manager concurrently hold other contributes to theimprovement of accounting conservatism. The above results indicated that, therole of the board of directors of the listed company in our country ability islimited，needed to further improve its functions. The purpose of this study is toexplore the relationship between them, in order to make a certain contribution tothe governance of listed companies in our country. Through researching on theeffect of empirical of the characteristics of the board of directors in corporategovernance reform and accounting surplus robustness, the paper wanted toimprove the governance efficiency of the board of directors, to give play to therole of effective monitoring on company management, to improve the quality ofaccounting surplus, and at the same time, to provide empirical evidence to therelevant regulatory authorities and policy makers, and at last in order to promotethe healthy and stable development of capital market in China.