Research On The Influence Of Background Characteristics Of Independent Directors Of Listed Companies On The Quality Of Accounting Information Disclosure

The stable and healthy development of China’s capital market cannot be achieved without the strong support of high-quality Accounting information.Independent directors play an irreplaceable role in improving the corporate governance of listed companies and promoting the standardization of listed companies.Therefore,it is only by actively preventing,early detecting and vigorously rectifying the problems of Accounting information disclosure from the level of independent directors of listed companies and further improving the quality of Accounting information disclosure of listed companies that we can effectively protect and promote the "a more perfect socialist market economy system","a more sound fair competition system" and the construction of a socialist market economy,and only then can we respond to the Party’s 20 th Party Congress report of"building a high-level socialist market The Party’s 20 th Party Congress report "building a high-level socialist market economy system".Firstly,on the basis of elaborating the content of accounting information disclosure of listed companies in China’s capital market,this thesis focuses on analyzing the irregularities of accounting information disclosure of listed companies by combining the theories of principal-agent and information asymmetry,and at the same time,analyzing the deep-seated reasons for the existence of these irregularities of accounting information disclosure from the perspectives of management and independent directors respectively.Secondly,this thesis focuses on the background characteristics of independent directors,constructs a relevant model from four aspects of territorial characteristics,accounting background,proportion of women and tenure,and empirically studies their influence on the quality of accounting information disclosure of listed companies,and concludes that:(1)the higher the proportion of independent directors from other places,the lower the quality of accounting information disclosure.(2)Independent directors with accounting background show a significant positive correlation with the quality of accounting information disclosure.(3)The higher the proportion of female independent directors,the higher the quality of accounting information disclosure.(4)The more independent directors who are also independent directors of listed companies cannot play a positive role in improving the quality of accounting information disclosure,and suggest corresponding countermeasures.Again,the financial fraud of Kangmei Pharmaceuticals is used as a case study to apply and verify the empirical results: based on an in-depth analysis of the irregularities in the disclosure of accounting information by Kangmei Pharmaceuticals,the responsibilities of its lead independent directors are analyzed from the perspective of independent directors,and their background characteristics are focused on to analyze the reasons why its lead independent directors were not able to effectively perform their duties and adequately supervise Kangmei Pharmaceuticals:(1)The principal independent directors are all relocated directors.(2)The number of female independent directors is insufficient.(3)Certain lead independent directors also serve as a high number of independent directors of listed companies.Finally,from the background characteristics of independent directors in listed companies,targeted countermeasures and suggestions are proposed:(1)The proportion of independent directors from other places should be limited to a reasonable range.(2)The proportion of female independent directors among independent directors of listed companies should be appropriately increased.(3)The number of independent directors who are also listed companies should be further limited,or the number of independent directors who are also listed companies’ independent directors should be limited.The innovation of this thesis is to focus on the influence of background characteristics of independent directors on the quality of accounting information disclosure of listed companies,to focus on the background characteristics of independent directors,to propose targeted countermeasures to improve the quality of accounting information disclosure of listed companies,and at the same time,to propose targeted policy suggestions for improving the system of independent directors in China from the perspective of background characteristics of independent directors.