The Research Of Ownership Structure And Accounting Information Quality

The securities market is a market full of information, The level of the quality of accounting information has always been the key to the effective functioning of the securities market. However, with the vigorous development of the securities market, the phenomenon of financial restatement is becoming increasingly serious in the domestic and foreign stock market, which not only reduces the quality of accounting information, but also against the relevant interests of information users. Finally it is hard for the optimal allocation of resources to play an effective role in the stock market. Therefore all sectors of society pay wide attention to this problem. More and more scholars joined the theoretical research about how to improve the quality of accounting information. Through the study found, the community focus that the internal problems of accounting industry, namely, the lack of the quality of the industry and their own professional quality, is the main reason that why accounting fraud is so serious. However, this paper argues that unreasonable structure of ownership in our country is the main cause of serious phenomenon of financial fraud and the distortion of accounting information.The article based on a number of literature research, firstly, defined the basic concept of ownership structure and the quality of accounting information; secondly, on the basis of the principal-agent theory, stakeholder theory, tunneling effect and synergy benefits, combined with China’s listed companies’unique internal ownership characteristics,analyzed the relevance of ownership structure of accounting information quality. Finally, the article used 2011-2013 A-share listed company board as research samples, used the modified Jones model to calculate the level of earnings management, then represented quality of accounting information by its reverse. And from these four areas of ownership concentration, ownership balancing degree, the equity structure and equity nature to study the impact on the quality of accounting information. Through empirical research, we draw the ownership structure really had an impact on the quality of accounting information of listed companies in China. The results showed ownership concentration and quality of accounting information inverted U-shaped relationship, we should maintain proper proportions of ownership concentration; equity balance degree and the quality of accounting information showed a positive relationship; the quality of the disclosed information of non-state-owned enterprises is better than state-owned enterprises.