Research On The Relationship Between Governance And Quality Of Accounting Information Of Listed Companies On GEM

With the official opening of the GEM board and the gradual development，the marketalso appeared a lot of problems, some problems that companies listed on GEM appeared, isnot conducive to GEM and orderly development of China’s capital market. For companieslisted on GEM, just listed soon, but the quality of accounting information have been someproblems, such as lack of integrity, lack of timely disclosure. For the quality of accountinformation, there are many factors that influence, but the main reason is that the corporategovernance mechanism is not perfect. GEM-based set up soon, its corporate governance hasits characteristics, what is the relationship between the two is much worth in depth study ofGEM-listed companies.Firstly, read a lot of literature by standard analysis methods, combing the status ofcompanies listed on GEM quality of accounting information, the status of corporategovernance and the relationship that may exist between the two, based on the analysis and thetheory of corporate governance and the quality of accounting information by choosing GEM341listed companies on the relationship between corporate governance quality of accountinginformation between empirical research, statistical analysis methods were used and multipleregression analysis to study the relationship between internal governance and externalgovernance and quality of accounting information.Studies have shown that the first shareholders of GEM listed companies accounted for theproportion of shares is larger, equity largely mastered by them, chairman or vice chairmanhigher proportion of part-time general manager, the independent directors and the supervisoryboard useless phenomenon is more serious, did not play a good supervisory role, externalgovernance in the capital market is not perfect, can not form a complete external oversightmechanisms, the ratio of the quality of accounting information on GEM listed companiesobtained excellent is low, and decreased year by year. The empirical results show thatcorporate governance has a great relationship with the quality of accounting information,among them, the internal governance of equity balance degree, the proportion of independentdirectors, the board of supervisors is positively related to the quality of accounting informationsignificantly, the size of the board of directors is negatively correlated with the quality ofaccounting information significantly; product market competition of external governance significantly positively associated with accounting information management, finally, theconclusions drawn on the basis of evidence presented to improve corporate governance,including suggestions countermeasures internal governance external governance, so improvingquality of accounting information.