| With the promotion of the "Belt and Road" strategy,the influence of executives with international vision on corporate governance and accounting information quality has become the focus of current theoretical and practical research.At present,the "Belt and Road"construction has promoted Chinese enterprises to take the international "fast train",but the complex political,economic,cultural and social differences in 65 countries along the line have made the internationalization of Chinese enterprises must have a global vision and chase.The advanced management team of international market power and capability is premised.Therefore,in the past ten years,China has introduced a series of policies on the introduction of overseas talents.From the end of 1978-2016,a total of 2,651,100 people returned to China after completing their studies abroad,and made significant contributions to China's economic and social development.Due to the large institutional distance at home and abroad,differences in social norms,values,beliefs,etc.will have a subtle influence on the thinking and acting style of returnees.When such personnel return to China as corporate decision makers or implementers,Changes in cognitive perceptions and decision-making preferences can significantly affect business operations and management.This raises the question.As a key member of the management of the company,can the CEO's overseas background be a special experience of life that can influence the behavior of the CEO and affect the financial reporting process of the company?Firstly,through the analysis of the mechanism of branding theory,high-level echelon theory and principal-agent theory on individuals and enterprises,this paper puts forward the conjecture of the correlation between CEO's overseas background characteristics and the quality of corporate accounting information,and further considers the corporate governance environment.After affecting the CEO management behavior and changing the quality of accounting information,the company's shareholding structure is added to the study as a moderator of the relationship between the CEO's overseas background characteristics and the quality of corporate accounting information.Through the empirical analysis of the China's A-share listed companies in 2013-2017,the research results show that(1)CEOs with overseas backgrounds can pay more attention to social responsibility,law and stronger judgment ability under the dual brand of knowledge and ability.The quality of corporate accounting information is improved;(2)Under the influence of corporate governance environment,the ownership structure has a regulatory effect on the positive correlation between CEO's overseas background and accounting information quality.Specifically,relative to equity dispersion,equity concentration will reversely regulate the positive correlation between the CEO's overseas background and the quality of accounting information,while the effective equity checks and balances and state-owned nature within the enterprise can positively adjust the positive correlation between the CEO's overseas background and the quality of accounting information.The policy recommendations in this paper are as follows:First,the overseas experience is included in the selection criteria of senior executives,thereby maximizing the important role of the international vision behind overseas experience in business management;second,giving full play to the positive role of executives' branding.To develop the introspective ability of executives,encourage executives to constantly challenge themselves,and build an executive team that experiences heterogeneity.Third,optimize the corporate governance environment,reduce government's inappropriate intervention in the economy,and improve internal corporate governance.Equity supervision capability,under a more effective supervision mode,enhances the prevention of accounting information manipulation risks. |
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