Study On The Economic Analysis Of Listed Companies' Accounting Information Disclosure And Its Solutions

An efficient management system in securities markets should be based on a completeand effective accounting information disclosure system. As one of the fast developingsecurities markets in the world, Chinese securities market got rapid development inthe last ten years. However, a series of problems, such as some false accountinginformation disclosing, have caused severe consequences to the securities market andblocked its healthy development.In this paper, we start with the basic definition of Accounting Information Disclosure,analyze its economic features and explain its basic economic theory. We conclude theregulations and fundamental contents in Chinese listed companies, by the analysis onexiting problems, outcomes and consequences. Then from the point view ofaccounting agency, stock exchange and investors, we make some evaluations. Insuccession, we use economic theory to track the initial problems of distortion ofAccounting Information Disclosure from six aspects. Emphasizing on game theory,we construct a six-player model of Accounting Information Disclosure, get NASHequilibrium resolution and do final comprehensive analysis.In the case study of YINGGUANGXIA, we explain the deep reasons in distortionAccounting Information Disclosure and summarize the procedures and lessons.Finally, we propose the practical strategy of distortion Accounting InformationDisclosure and suggest that an Accounting Information Disclosure System be set upby combination of government, listed companies, accounting agency and investors.