摘　　要

　　　在資本市場(chǎng)環(huán)境下，上市公司公開(kāi)披露的財(cái)務(wù)報(bào)告無(wú)疑是投資者做出投資決策的重要依據(jù)，出于對(duì)自身利益最大化的理性需求，投資者們必然要求財(cái)務(wù)報(bào)告信息披露的真實(shí)性和完整性。因此，財(cái)務(wù)報(bào)告信息披露質(zhì)量的高低也就成為評(píng)價(jià)上市公司經(jīng)營(yíng)水平的重要因素，并相應(yīng)地成為學(xué)術(shù)界的重點(diǎn)研究對(duì)象。

　　　深交所考核結(jié)果顯示：近年來(lái)，上市公司財(cái)務(wù)報(bào)告信息披露的違規(guī)行為并非個(gè)例。眾所周知，要提高會(huì)計(jì)信息披露質(zhì)量必須從根源入手，從完善企業(yè)治理結(jié)構(gòu)入手。上市公司治理結(jié)構(gòu)的不完善制約著會(huì)計(jì)信息披露質(zhì)量，而董事會(huì)作為公司內(nèi)部治理的控制機(jī)構(gòu)，其必定對(duì)會(huì)計(jì)信息披露質(zhì)量產(chǎn)生重大的影響。因此，一個(gè)健全而完善的董事會(huì)是會(huì)計(jì)信息披露質(zhì)量得以改善的基石。

　　　在這種環(huán)境背景下，通過(guò)數(shù)據(jù)統(tǒng)計(jì)分析的專業(yè)方式，得出董事會(huì)各項(xiàng)特征與財(cái)務(wù)報(bào)告信息披露的相關(guān)性，并提出相應(yīng)的建議。這對(duì)于提高信息披露質(zhì)量，對(duì)于提供真實(shí)的決策參考信息都具有一定的現(xiàn)實(shí)意義。

　　　

　　　

關(guān)鍵詞：公司治理結(jié)構(gòu)；董事會(huì)特征；財(cái)務(wù)信息披露

Abstract

　　　In capital market environment, the public disclosure of listed companies financial reporting is important basis of investors make investment decisions for the rational demand for own benefit maximization, investors will inevitably require the authenticity and completeness of the financial report information disclosure. As a result, the quality of financial report information disclosure has become the important factor of eva luation of the listed company management level, and accordingly the focus of academic study.

　　　Shenzhen stock exchange examination results show that in recent years, the financial report of listed companies information disclosure violations is not alone. As is known to all, to improve the quality of accounting information disclosure must be from the root, from the perfect corporate governance structure. Of the governance structure of listed companies, restricts the quality of accounting information disclosure, and the board of directors as the company's internal governance control mechanism, it will surely have a great impact on disclosure quality of accounting information. Therefore, a sound and perfect the board of directors is the cornerstone of the improvement of the quality of accounting information disclosure.

　　　Under the background of this kind of environment, professional way through data statistical analysis, concluded that the board of directors the characteristics and the correlation of financial report information disclosure, and put forward corresponding Suggestions. This is to improve the quality of information disclosure, to provide real decision-making reference information has a certain practical significance.

Keywords：Corporate Governance Structure; Characteristics of Board of Directors; Disclosure of financial information

目　　錄

摘　　要 I

Abstract II

1  緒　論 1

1.1  研究背景 1

1.2  研究目的與意義 1

1.2.1  研究目的 1

1.2.2  研究意義 2

1.3  國(guó)內(nèi)外研究現(xiàn)狀 2

1.3.1  國(guó)內(nèi)研究現(xiàn)狀 2

1.3.2  國(guó)外研究現(xiàn)狀 4

1.4  研究?jī)?nèi)容與研究方法 4

1.4.1  研究?jī)?nèi)容 4

1.4.2  研究方法 4

2  董事會(huì)特征對(duì)財(cái)務(wù)報(bào)告信息披露影響的相關(guān)理論 5

2.1  董事會(huì)特征的涵義 5

2.1.1　董事會(huì)特征的含義 5

2.1.2  董事會(huì)特征的具體表現(xiàn)形式 5

2.2  財(cái)務(wù)報(bào)告信息披露的涵義 6

2.2.1　信息披露的涵義 6

2.2.2　財(cái)務(wù)報(bào)告信息披露的含義 6

2.3  董事會(huì)會(huì)特征對(duì)財(cái)務(wù)報(bào)告信息披露影響的理論分析 6

2.3.1  契約理論與委托代理關(guān)系理論 6

2.3.2　信息不對(duì)稱理論 7

2.3.3　公司治理理論 8

2.3.4　利益相關(guān)者理論 8

3  董事會(huì)特征對(duì)財(cái)務(wù)報(bào)告信息披露影響的理論分析 10

3.1  董事會(huì)特征的相關(guān)變量 10

3.1.1　董事會(huì)規(guī)模 10

3.1.2  獨(dú)立董事比例 10

3.1.3　董事會(huì)會(huì)議次數(shù) 10

3.1.4　董事會(huì)持股比例 11

3.2  董事會(huì)特征與財(cái)務(wù)報(bào)告信息披露的關(guān)系及其經(jīng)濟(jì)后果 11

3.2.1　董事會(huì)規(guī)模與財(cái)務(wù)報(bào)告信息披露 11

3.2.2  獨(dú)立董事比例與財(cái)務(wù)報(bào)告信息披露 11

3.2.3　董事會(huì)會(huì)議次數(shù)與財(cái)務(wù)報(bào)告信息披露 12

3.2.4　董事會(huì)持股比例與財(cái)務(wù)報(bào)告信息披露 12

4　董事會(huì)特征對(duì)財(cái)務(wù)報(bào)告信息披露影響的研究設(shè)計(jì) 13

4.1  數(shù)據(jù)來(lái)源與樣本選擇 13

4.1.1　數(shù)據(jù)來(lái)源 13

4.1.2　樣本選擇 13

4.2  變量設(shè)計(jì)與研究模型 13

4.2.1　變量設(shè)計(jì) 13

4.2.2　研究模型 14

5　董事會(huì)特征對(duì)財(cái)務(wù)報(bào)告信息質(zhì)量影響的實(shí)證檢驗(yàn) 15

5.1  描述性統(tǒng)計(jì)與相關(guān)性分析 15

5.1.1  描述性分析 15

5.1.2 相關(guān)性分析 15

5.2  線性回歸分析 17

6  完善董事會(huì)特征對(duì)財(cái)務(wù)報(bào)告信息披露影響的建議 19

6.1  有效調(diào)控董事會(huì)特征的對(duì)策 19

6.1.1  協(xié)調(diào)上市公司董事會(huì)結(jié)構(gòu) 19

6.1.2　發(fā)展上市公司董事會(huì)職能 19

6.2  提高財(cái)務(wù)報(bào)告信息披露質(zhì)量的建議 20

6.2.1  健全相關(guān)法律法規(guī)建設(shè) 20

6.2.2　加強(qiáng)信息披露的監(jiān)管及執(zhí)法力度 20

結(jié)    論 21

參考文獻(xiàn) 22

致　　謝 24