A Study In Accounting Policy Choice From The Angle Of Corporate Governance

Research done in this dissertation mainly centers on accounting policy choice from the angle of corporate governance and the paper is divided into 4 chapters.Chapter 1 is the theoretical basis part which discusses corporate governance's connotation, contents, subject and some typical corporate governance modes. Following Main content must be made clear: the subject of corporate governance includes such stakeholders as stockholders, laborers, creditors, managers and government; the object of corporate governance is contractual arrangement between residual claims and residual rights of control; Typical corporate governance modes include American external control mode, German and Japanese internal control mode, South Korean clan control mode and Soviet Union's control mode in transition period.Chapter 2 discusses accounting policy choice's nature and the influence over accounting police choice exerted by corporate governance, pointing out the influence is realized through contract (obvious or recessive) signed between the subject of corporate governance and managing authorities. Accounting policy choice's implementing subject is corporate managing authorities, who in the process of accounting policy choice have the potentiality of opportunistic and efficiency behavior. Although Accounting policy choice's subject is managing authorities, firm's managing authorities should take into consideration the complex influence of political contract, management contract (especially reward contract), liability contract, labor contract and its own cost and profit principle.Chapter 3 discusses accounting policy choice's feature in different governance mode, including American external control mode mainly, German and Japanese internal control mode and South Korean family control mode, typical features in different governance mode and comparison of accounting policy choice's potential choosing space in different mode as well as accounting policy choice's specific features.Chapter 4 discusses the corporate governance and the accounting policy choice of listed company in our country. As for features like "dictating shareholders" and "insider control" in Chinese corporate governance, the key point to improve accounting policy choice's efficiency is to consummate management contract, besides, some advice to improve accounting policy choice's efficiency is also proposed in this chapter.