Research On The Relationship Between Corporate Governance And Accounting Information Quality Of State-owned Listed Companies

The 21st century is an informational age,and Informatization has made our life easier and more efficient.For businesses,accounting information is indispensable.Through the perspective of its own accounting information,the enterprise can understand the operating status of the enterprise in more detail,and it is beneficial to the decision-makers of enterprises to make important economic decisions to optimize the development of the enterprise.In addition,high-quality accounting information can attract more investors and contribute to the long-term good development of the company.In summary,the quality of accounting information plays a crucial role in the development of the company.Even if the quality of accounting information is related to the survival of an enterprise,many companies are still exposed by accounting scandals.Each year,the state conducts random checks on the quality of accounting information of enterprises.There are a large number of companies that violate regulations and regulations,and the total amount of fines is huge.In the face of such an irrational current situation,improving the quality of accounting information is imperative.Accounting information system has a natural connection with corporate governance:an effective corporate governance mechanism is an important guarantee for improving accounting information,and high-quality accounting information is a good cornerstone of corporate governance.A sound corporate governance structure encourages companies to provide high-quality accounting information,and a fully effective information disclosure mechanism contributes to the formation of a good corporate governance structure..Therefore,this paper starts from the study of the relationship between corporate governance and accounting information and discusses the relationship between corporate governance of state-owned listed companies and the quality of accounting information.Through combing literatures at home and abroad,the thesis summarizes the factors of corporate governance affecting the quality of accounting information,and selects media supervision and chaining directors as two important indicators to measure the relationship between corporate governance and accounting information quality.Since state-owned enterprises are oriented toward the development of the entire market,state-owned listed companies with a connection relationship are selected as the ultimate research object.This paper selects the state-owned listed companies with chained directors from 2014 to 2016 as research samples,quantifies the quality of accounting information of enterprises using the modified Jones model,and uses theory of principal-agent theory,reputation and social networks as theoretical support to explore the relationship between corporate governance and accounting information quality in listed companies.The main content of this article generally includes the following sections:The first part,introduction,first introduces the research background,research significance,literature review,research methods and innovations,and the final research direction of this paper.The second part,related theoretical analysis,theoretical analysis of corporate governance and accounting information quality of state-owned listed companies,this part defines some of the basic concepts involved in this article.The third part,empirical research design,selects the linked enterprises with chained directors in China's state-owned listed companies from 2014 to 2016 as samples.Based on literature review and theoretical analysis results at home and abroad,this paper proposes research hypotheses and designs the explanatory variables and control variables,establishes related models needed in this paper.The fourth part,the empirical research results and analysis,this part mainly includes the descriptive statistical analysis,the correlation analysis of variables,multiple regression analysis.On this basis,the quantile method was used to test the robustness of the model and validate the research conclusions.The fifth part is the research conclusion and suggestion.According to the empirical test results of the article,the conclusions are drawn,policy proposals are proposed,and the limitations of the paper and the expectations of future extension studies are pointed out.Combined with full-text analysis,it is concluded that media supervision is beneficial to inhibiting corporate earnings management behavior and improving corporate accounting quality information.Compared with newspaper media,online media can improve the quality of accounting information of state-owned listed companies.The study also found that the existence of chained directors can improve the similarity of the quality of accounting information among connected companies,and at the same time,the similarity will increase as the number of chained directors among enterprises increases.It is further found that when the chained directors are independent directors,the quality of accounting information between the two companies is more similar.As a result of the above analysis,state-owned listed companies with chained directors can optimize the quality of accounting information by strengthening the media's supervision and using the particularities of the chained directors themselves.