Research On The Impact Of Senior Executives’ Academic Experience On The Quality Of Accounting Information

High quality accounting information can clearly reflect the financial status and operating results of an enterprise,and help investors predict the future development prospects of the enterprise.Therefore,accounting information has become an important basis for users of financial statements to evaluate the production and operation of enterprises,evaluate the true value of enterprises and reasonably allocate resources.However,enterprises often manipulate accounting information in order to falsely increase performance,which reduces the quality of accounting information.According to the high echelon theory,senior executives are responsible for the daily operation and management activities of the enterprise,and their decisions will have an important impact on the company,so the characteristics of senior executives will inevitably affect the quality of accounting information.So,as a special background of senior executives,can academic experience affect the quality of accounting information and how? The existing research literature is less.This paper takes the data of China’s a shares from 2009 to 2020 as the research sample,establishes a panel FGLS model,and systematically investigates how the academic experience of senior executives affects the quality of accounting information through the agency cost measurement indicators such as the on-the-job consumption rate and asset utilization rate of the management.At the same time,by selecting data samples in different years,substituting independent variables and dependent variables,the endogenous test method is used to test the robustness of the results.The conclusions are as follows: the company can improve the quality of accounting information by reducing agency costs by employing senior managers with academic experience.Further analysis shows that:the willingness of senior executives with academic experience to improve the quality of corporate accounting information will also be affected by corporate self-interest motivation,which will affect the corporate accounting information.When they are non-state-owned enterprises,the internal performance pressure of the company is small,and the external supervision is weak,the motivation of personal self-interest of senior managers of the company will be reduced,and the improvement effect on the quality of corporate accounting information will be more obvious.This paper makes an in-depth study on the relationship between senior executives’ academic experience and accounting information quality.This paper enriches the relevant literature on the influencing factors of accounting information quality,extends the understanding of the economic consequences of senior executives’ academic experience from the perspective of agency cost and accounting information quality,enriches the principal-agent theory and branding theory,and provides useful reference suggestions for investors to make reasonable investment decisions and improve enterprise information quality.