Study On The Influence Of The Stakeholders Of The Listed Company To The Accounting Conservatism

Capital is the key of the enterprise development and capital market is the core of national development.Constantly promoting the construction and the development of multi-level capital market in our country, capital investors for the use of multi-level capital market became more diverse, the combination of capital market and enterprise also more tightly, national and regional governments are also introduced policies to encourage enterprises listed.In such a big background, more and more capital investors will become one of the users of financial statements, financial statement analysis became a compulsory course of capital investors.For the users of financial statements, when using the company’s financial statements, whether listed companies have accounting conservatism is the need to focus on problems, the listed companies which stakeholders have an impact on the accounting conservatism, what the effect of the impact is big, and what is small, it will be a focus in the study of this article.First reading related literature both at home and abroad, and organize information, sum up and sort out this article research idea, imitatedthe research theory and the results studiedby in previous scholars, using the principal-agent theory, asymmetric information theory, incomplete contract theory and stakeholder theory, illustrates the stakeholders of listed company and its inner link between the accounting conservatism.Furthermore, derived in the research hypothesis of this paper, design research model, selection of relevant research variables.This article selects the stock markets of Shanghai and Shenzhen in 2011-2014 a-share listed companies as the research object, Basu model is established to study the accounting conservatism, under this premise, to establish multiple linear regression model, to study the listed companies’ stakeholders impact of on the accounting conservatism.Model is completed, SPSS20.0 statistical software is used to sample the company carries on the descriptive statistical analysis, correlation analysis and regression analysis, and according to the regression coefficient of the influence of the absolute value of the listed company’s stakeholders ordered by size.Using multivariate linear regression model of research found that samples of the company’s average income tax rate and robustness was significantly positively related to accountingconservatism, and its influence is in the first place;Samples of the company’s controlling shareholder was significantly positively related to accountingconservatism, and its influence is in second place;Sample, the proportion of total borrowing and accounting conservatism has significant negative correlation, and its influence is in the third;Samples of the company’s senior management ownership and accounting conservatism has significant negative correlation, and its influence is in fourth place;The average salary for the sample company was significantly positively related to accounting conservatism and its influence was ranked fifth.This article through studies accounting conservatism and the relationship between the stakeholders of listed companies, to enrich and improve the accounting conservatism theory for reference, also played a role in corporate governance.