Empirical Research On The Correlation Between Board Characteristics And The Quality Of Accounting Information

Since the reform and opening up, securities market of China has showing unprecedented prosperity. However, some adverse factors seriously affect the development of securities market and the main factors are the financial fraud and accounting information distortion.This phenomenon is not conducive to creating a great environment for the healthy development of Chinese listed companies, while preventing the vigorous development of China securities market. The reason is mainly due to some problems of Chinese listed company’s corporate governance structure and the board structure in particular has caused widespread concern in society. Therefore, the topic is significance. On one hand, this topic helps investors to make decisions and increases investors confidence of China securities market; On the other hand, the establishment of the system can optimize the allocation of resources to stock market and then playing an important role in promoting the stable development of the national economy. By studying the of results researches, this paper summarized some research status in our country and abroad about the structure and the quality of accounting information for Empirical Research Board, which made research methods, research and innovation ideas in this article. Thereafter, the board characteristics and quality of accounting information related to define the concept, put forward the theory foundation, and lay a solid foundation for the empirical study below. This paper selects 1265 companies as samples for the study who listed on the Shenzhen Stock Exchange and put forward research hypothesis, by using SPSS18.0 to do the descriptive statistical analysis,correlation analysis and regression analysis. And further to do the stability test, drawn the empirical analysis of the conclusions and reasonable suggestions.Through empirical study concluded that: the bigger the board size, the higher the quality of accounting information, which is mainly based on Shenzhen Stock Exchange; because the special background of our economic developments, the development of independent director system in our country is not perfect and most mere formality. There was no significant correlation with the quality of accounting information; chairman and general manager of the two jobs separation can more conducive to play its oversight functions of the Board, andtherefore the quality of accounting information and positively correlated; the number of board meetings can not represent the extent of their diligence. Excessive number of board meetings may discuss to promote enterprise development program or solve operational difficulties encountered with the quality of accounting information. Thus they have no significant correlation. And the small number of shares of the Board in China with respect to the huge capital market insignificant. And therefore, there was no significant correlation between the number of shares of the Board and the quality of accounting information.