The Research On The Influence Of CFO Incentive On The Quality Of Accounting Information

The stakeholders is always based on obtained information to analyze the risk and benefit.Then this can lead to the effective allocation of resources.Accounting information is the main source of information for the external investors to make investment decisions,and the extent and quality of it directly determine the accuracy of investment.Thus the improvement of information disclosure system and the quality of accounting information is an important issue in the field of accounting research.But the listed companies still have lots of accounting falsifications.There are many causes on above phenomenon,but the responsibility of CFO can not ignore.CFO directly determines the choice of accounting policy and financial strategy,and has an independent impact on the quality of accounting information.So the research by using empirical method about CFO and the quality of accounting information has strong theoretical and practical significance.Based on principal-agent theory,information asymmetry theory,human capital theory and contract theory,we select Shenzhen Stock Exchange main board listed companies from 2012 to 2014 as the research sample.This article chooses the Shenzhen Stock Exchange information disclosure evaluation results as a proxy for the quality of accounting information,empirically analyzes on the impact of CFO on the quality of accounting information from three aspects: remuneration incentive,stock equity incentive and control power incentive,and finally discusses the applicability of different incentive methods under different property rights.The research shows as follow: the quality of accounting information in China has been significantly increased in recent ten years;:remuneration incentive and stock equity incentive of CFO dominant incentive have a positive impact on the quality of accounting information;the control power incentive of CFO implicit incentive has not played the incentive effect;there is obvious difference of CFO incentive effect on accounting information quality under different property rights.This paper enriches the literature on the field of CFO incentive and the quality.of accounting information,It has important implications for how to improve the quality of accounting information,improve decision-making serviceability of accounting information,and meet the investors' need on making decisions.