An Empirical Research Of The Relationship Between The Quality Of Accounting Information Disclosure And The Control Power Of Corporation

With acquainted with the essence of the company, the company which is ownedpurely by the ownership in the past evolves into a company which is jointly owned bythe shareholders and other stakeholders.Accordingly, distribution of company controlhas also transformed gradually from the mode of the first big shareholder control to theone of which all stakeholders participate in the company control allocation.This paper takes the quality of accounting information disclosure as the theme, andin view of the theory of stakeholders, we divide the control power of corporation intoinvestors’ control, managers’ control and control of creditors, which builds the controlmodel of stakeholders. We introduce the control of creditors and demonstrate thenecessity and rationality of the creditors control to the interests of the creditors.The paper uses the disclosure results of listed company information to measure thequality of accounting information, and chooses the1402data in the year of2009-2013of the main board of listed companies in the Shenzhen stock exchange. Meanwhile, thepaper studies the influence of corporate control on accounting information quality byusing multiple regression analysis method. According to the empirical analysis results,we put forward countermeasures and suggestions for improving the quality ofaccounting information from the perspective of corporate control. The results providelisted companies and regulators with experience and reference for enhancing quality ofaccounting information.The results of this paper is as follows:Firstly, the level of information quality is the product of the combination of thecompany’s environment, system and strategy, and the process of development aboutaccounting information quality is relative and dynamic.Secondly, it has a certain rationality that we divide the control power ofcorporation into investors’ control，managers’ control and control of creditors based onthe theory of stakeholders.Thirdly, the research has shown that managers’ control has more significant effectson the quality of accounting information from the aspect of corporate control power.Finally, it is necessary and possible that the creditors participate in the power ofcontrol in the research process.