CEO's Financial Experience and Accounting Information Reliability
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Abstract: In this paper, 150 listed companies in Shanghai and Shenzhen were randomly selected by industry for the 10 years from 2008 to 2018, and the relevant variable data were obtained from the CSMAR database and various economic news websites. After using SPSS19.0 statistical software to describe the relationship between the quality reliability of accounting information and the CEO's financial experience, and regression analysis, the results show that the CEO's financial experience is positively correlated with non-manipulative accrued profit, which in turn affects the accrual quality in earnings management and the earnings level of listed companies, so as to ultimately reflect the reliability of accounting information quality. This leads to the CEO's appointment and provides reference for external users of accounting information.
Keywords: Financial; Experience Surplus; Quality Accrued Quality Accounting; Information Reliability; Jones Model