Research On The Impact Of The Governance Of Agricultural Listed Companies On The Quality Of Accounting Information Disclosure

Agriculture is the founding of a nation.As the large agricultural country,China must vigorously promote the high-quality development of moden agricultural.This is also an objective requirement for building a powerful modern socialist country.Agricultural listed companies,as the key aid in development of modern agricultural,promote the high-quality development of the agricultural industry.But the accounting information disclosure quality in agriculture has been lowered due to financial fraud cases of listed agricultural companies,which has restricted the pace of development of the modern agricultural and affected the healthy and orderly development of the capital market.Investigating its roots,the imperfect corporate governance of listed agricultural companies is basic cause of poor accounting information disclosure quality.Good internal and external governance guarantee promote the standardized construction of the firm's financial management,thereby reducing the possibility of accounting information manipulation and improving the accounting information disclosure quality.Through the literature research,it is found that scholars' research on the quality of accounting information disclosure of agricultural listed companies is mainly based on the perspective of internal governance,but the external governance factors can't be ignored,so by adding external governance,the relevant content is analyzed more comprehensively to put forward more targeted optimization suggestions.Based on a review of domestic and foreign literature and related concept and theories,firstly,analyzing the basic situation of agricultural listed firms,the current status of corporate governance and accounting information disclosure.It is determined that the factors such as equity structure,the board and supervisors construction,product market competition,types of audit opinions,and audit firm size make a major difference to accounting information disclosure quality,and put forward assumptions that size of board of supervisors,the degree of equity balance,the frequency of board meetings,product market competition,types of audit opinions and audit firm size are positively associated with accounting information disclosure quality,ownership concentration and board size are related to it negatively.Then based on the data of agricultural listed companies from Shenzhen Stock Exchange in 2014-2018,the logistic regression model is set to conduct descriptive statistics,correlation,regression and robustness analysis to test above assumptions.The results show that the degree of equity balance,the frequency of board meetings,product market competition,and the type of audit opinions are significantly positively related to accounting information disclosure quality,ownership concentration is significantly negatively related to it,while scale of the board of supervisors and the audit firm size have no remarkably relationship with it.Next,the empirical results will be applied to specific cases,and select the representative ZONECO as the research object.Briefly describe the internal and external environment,financial situation and accounting information disclosure quality of ZONECO,then probe into the problems of accounting information disclosure quality in ZONECO and analyze the causes based on the empirical resultsBased on the empirical research and case analysis,it is found that there are some problems of the disclosure quality of agricultural listed companies such as the disclosure is not timely,sufficient and incomplete and causes that is,the equity structure is unreasonable,the role of the board and supervisors is weak,the audit work of the accounting firm is not rigorous.Finally,corresponding governance suggestions are put forward,that is,agricultural listed companies should better the ownership structure,strengthen construction of the directorates,effectively play the regulatory role of the supervisory boards and ensure independence;enhance product market competition and reasonably control the cost of disclosure;improve audit efficiency of external audit institutions and reinforce the level of risk prevention and control.