Study On Standardizing Accounting Information Disclosure Of Listed Company

The behavior about accounting information disclosure of the listed company will not only bring significant influence to investor's decision-making, but also affect the order of stock market. The listed company how to disclose accounting information rightly is increasingly becoming the focus of theoretical research and actual practice.To the hot topic, this article clarifies the theory meaning to standardizing accounting information disclosure of listed company from two angles of the information asymmetry theory and efficient market theory, as well as the realistic meaning to regulate the capital market, establish a modem enterprise system and to promote its own development of listed companies. Based on the fact of accounting information system and practice of listed companies in our country, the author analyzes the existing problems behind them. There is great omission in the disclosure of information;information disclosure is insufficient and not timely;false information overflows information disclosure seriously lags and lack of seriousness. From the aspects of macro system legislation and micro corporate governance, the author explores the deep reasons leading to them. Some basic system are deficient, such as enterprise bankruptcy system, civil compensation system and an effective regulatory system, some specific system, such as listing approval system, registered accountant auditing systems and accounting guidelines, are imperfect. Finally, with the help of game theory, the paper analyzes the incomplete information gambling of listed company and gives corresponding solutions from the normative angle. Listed companies should establish a new pattern of accounting information production, and optimize approval to be listed in the stock market, and gradually change to the registration system ,develop new accounting standards which reflect the our national characteristic and adapt the development of the market economy, introducethe Balanced Scorecard to evaluate the effect of accounting information disclosure of listed companies, set up a civil compensation system, establish group litigation and litigation of the representatives of shareholders.