Research On The Relationship Of Nature Of The Enterprise, Management Incentives And Accounting Information Disclosure Quality

Accounting information is offered by the management of the company, which means accounting information disclosure quality depends largely on the management disclosure behavior. As agent, the management can cover up or modify the real accounting information and then benefit themselves by using the advantage of risk and information, which will reduce accounting information disclosure quality. This article studies on the relationship between management incentives(including monetary incentive, equity incentive and control incentive) and accounting information disclosure quality. Besides, this article also discusses that how the nature of the enterprise influences the relationship between management incentives and accounting information disclosure quality. The conclusions are as follows:(1) In the whole sample, monetary incentive and employment duration have significantly negative effect on accounting information disclosure quality, equity incentive, duality and equity restriction ratio have no obvious effect on accounting information disclosure quality. And accounting information disclosure quality in state-owned enterprises is better than the one in non- state-owned enterprises.(2) After distinguish the nature of the enterprise, this article finds that equity incentive and duality still have no effect on accounting information disclosure quality while monetary incentive, equity restriction ratio and employment duration have different remarkable influence on accounting information disclosure quality. In state-owned enterprises, monetary incentive and employment duration have significant negative effect on accounting information disclosure quality, and equity restriction ratio has significant positive effect on accounting information disclosure quality. But in non- state-owned enterprises, monetary incentive and employment duration have no significant effect on accounting information disclosure quality, and equity restriction ratio has significant negative effect on accounting information disclosure qualityIn the end, this article makes suggestions about accounting standard, accounting information disclosure rating system, management incentives and the supervision of control. It also points out the deficiency in the article.