Research On The Influence Of Independent Directors On The Quality Of The Accounting Information Disclosure

In recent years our country appear constantly gloosing of financial statements and the disclosure violations of false information,accounting information disclosure quality is worried.As the decision-making body of the accounting information disclosure,the board of directors plays a direct inhibitory effect to disclose irregularities.At the same time, the role of independent directors,which have independence and the professionalism,can not be ignored.Therefore,this article will analyse the independent director's influence on the quality of accounting information disclosure,and put farword some suggestions to improve the system of independent directors.In this paper,first of all to expound and summarize the relevant theories and research literatures on the independent director and the quality of accounting information disclosure.On that basis, the paper analyzed the current situation of the two,and found that the size of independent directors in our country is growing, the penalties for independent directors gradually are increasing from the securities regulatory management department;but, the quality of accounting information disclosure of listed companies in our country also have some problems,especially more false components.Second, accounting information disclosure quality measurement index system is established from four aspects of the enterprise risks,corporate governance, disclosure and audit, supervision.Selecting the data of 904 A-share listed companies from 2012 to 2014 as the research object,and then using the entropy method measure the quality of accounting information disclosure of the sample,from the listed companies, and found that the degree of differentiation about the quality of accounting information disclosure is higher between enterprises and no obvious change in the overall trend.Then,based on the measure of the quality of accounting information disclosure,selecting the number of characteristics,such as the proportion of independent directors of the board of directors, remuneration, part-time numbers and the proportion of personallyattending the meeting,term,and the quality characteristics such as gender, age, educational background and professional background as explanatory variables, accounting information disclosure quality as explained variable,and collectting 2712 observed quantities from 904 samples of enterprises, using regression analysis method to study the effect of independent directors on the quality of accounting information disclosure.Found that the quality of accounting information disclosure is mainly influenced by the remuneration,education background,and the legal profession background,then influenced by proportions of the independent director,female, age,the financial background and the other professional independent directors positively;part-time job numbers and term have negative effects on the quality of accounting information disclosure; there was no significant influence to the quality of accounting information disclosure in the proportion of personally attending the meeting.Finally,based on these theory and empirical analysis, this paper proposed suggestions to improve the system of independent directors,including the rules about hiring or dismissalling,and restrain independent directors, control the scale and tenure of independent directors, optimize remuneration model and the structure, ensure working time and the right to know,etc.