Research On The Influence Of Board Characteristics On Earnings Volatility

In the governance structure of listed companies in China,the board of directors in a key position,is the core of corporate governance,is also a key of supervision and control system of the company.The most important question in the modern corporate governance structure is to establish a standardized,high quality,efficient board of directors.At the same time,earnings volatility is an important dimension of quality of accounting surplus,is an important index of surplus risk evaluation is one of the most important aspects of the company's financial health,earnings volatility reflects the corporate business performance,profitability,development capacity and solvency,etc.Corporate governance structure is one of the factors affecting corporate performance,the company's earnings volatility will produce certain effect to corporate performance,as the key part of corporate governance,the board of directors on earnings volatility will produce certain effect.Therefore,the effects of board characteristics on earnings volatility is a accounting subject worth studying.According to the related literature at home and abroad,adopts the method of combining theoretical analysis and empirical research,the selection of our country all a-share listed companies in 2012-2016 financial data as the research sample,through the regression model to analyze the impact of board characteristics on earnings volatility.Research found that: in terms of structural characteristics of the board of directors,the board size there is significant negative correlation with earnings volatility,and the board leadership structure and earnings volatility exist positive correlation;In the board independence characteristics,the percentage of independent directors and independent directors work consistency and earnings volatility have no significant positive correlation;The number in the behavioral characteristics of board of directors,the board meeting,and the earnings volatility was a significant negative correlation;The incentive characteristics by the board of directors of the board of directors stake there is significant positive correlation with earnings volatility,and director of compensation and earnings volatility exist negative correlations.