Research On The Effects Of Board Characteristics Of Accounting Information Disclosure Quality In Sichuan Province

As the level of the quality of accounting information disclosure can directly affect the analysis of shareholders and outside investors on information and decision, accounting information should be true, transparent, in time and satisfactory to various users. However, accounting information disclosure with financial fraud in some public companies occur often recent years, because of the imperfect laws and regulations in China, internal or external management in listed companies, unbalanced regional economic development and other reasons. That can not only seriously affect the development of market economy, but also frustrate the confidence of shareholders and outside investors. In that case, it is very urgent to improve the quality of accounting information.It is necessary to identify the root of the problems if we want to solve it. Ultimately, the imperfect inner management of listed companies is the fundamental cause. Board of directors is the core organization, which can connect the shareholders and the managers. It can supervise the managers, which can prohibit the fake or decorated financial statement and maintain the benefits of the shareholders. According to this point, the thesis will start from the board of directors to find the influence of the features of the board of directors on the quality of accounting information disclosure.Firstly, this study summarized the related domestic and oversea literatures. Then, it chose the regional data in Sichuan province as research samples. Meanwhile, it proposed a research assumption according to the theory of agency, asymmetry information, signal transmission principle and false triangular theory. Finally, it will be verified by experiments for the influence. In this paper, the listed companies in Shenzhen stock exchange of Sichuan province have been chosen for research. Those, which could not be checked from 2005 to 2014 and has *ST data, are the initial samples. The results which published in the official website of Shenzhen stock exchange, named as “Evaluation of Information Disclosure”, are taken as the explanatory variable. Selecting the number of board meetings from the various features of the board, the salary of top three members of board of directors, the scale of board of directors, the percentage of independent directors and whether those directors and mangers are part-time as the explanatory variables. By building order Logistic regression model and using SPSS software for regression analysis to verify the relationship between various board characteristics and the quality of accounting information disclosure. The conclusions can be drawn as following:The number of board meetings dominant positive correlate with the accounting information disclosure quality; The salary of top three members of the board of directors and accounting information disclosure quality showed a positive correlation; The size of the board of directors is negatively related to the quality of accounting information disclosure; The proportion of independent directors positive correlate with accounting information disclosure quality; The part-time of board of directors and managers was dominant negative correlation. Combining those conclusions with the Sichuan province local features, it can provide related theory guidance and advice in optimal internal institutions to improve the quality of accounting information disclosure.