The Influence Of CFO Incentive On The Quality Of Listed Companies' Accounting Information

The frequent occurrence of major accounting frauds in the lastest 10 years has raised concerns about the role of financial officers in the company's reported accounting results,For example,Geigerg-North(2006)examined the changes of discretionary accruals(DA)before and after the appointment of new CFO by 712 U.S.companies from 1994 to 2000 and found a significant decrease in DA after the company newly appointed CFO ? Jiang et al.(2010)believe that accounting manipulation that CFO will be implemented for the personal interests.Their research shows that CFO have a higher impact on earnings management than CEO at a certain level of equity incentives.These studies illustrate the fact that CFO does affect the quality of accounting information from different perspectives?So what is the impact on the quality of accounting information when motivating the CFO?This article mainly uses the combination of empirical and normative method,comparative analysis method and multiple regression analysis method,On the basis of principal-agent theory,incentive theory,human capital theory,incentive theory and contract theory,Select 2014-2016 Shanghai,Shenzhen Stock Exchange listed companies as the main board of the sample,The quality of accounting information is measured using the results of the modified Jones model,The Impact on the Quality of Accounting Information with Empirical Analysis from Three aspects of CFO Compensation Incentives,Equity Incentives and Control power Incentives?The study found that the quality of accounting information in China is general good in recent years,The CFO comprehensive incentive has a significant promotion effect on the accounting information quality of listed companies.Compensation incentives and equity incentives,which represent the explicit incentives of CFO,have a positive effect on the quality of accounting information.The incentive of controlling rights on behalf of the CFO implicitly has an inhibitory effect on the quality of accounting information.Finally,according to the empirical conclusions,I propose the corresponding policy recommendations for the specific incentive methods.The research of this paper enriches the content of CFO incentive and accounting information quality in related fields,It has a great significance for how to improve the quality of accounting information for CFO motivation,to enhance the usefulness of accounting information decision-making,and to meet the information needs of information users in decision-making.