An Empirical Study Of The Relation Between Accounting Tranparency Of Listed Companies And Interests Banlance Of Stakeholders

60 years since the 20th century,after the allocation of ownership in the business discussion,enterprises in the theory of differentiate into the two opposing theories gradually: "Stakeholder Theory" and the "god of the owners of physical capital."Physical capital that the shareholders are the owners of the god of the business owners,should enjoy all the rights and interests of the company,is the only subject of corporate governance,corporate managers as the fiduciary responsibility of business people who only need to maximize the benefits to business ownersservice.The stakeholder theory that in order to provide the greatest contribution to society is the enterprise survival and a prerequisite for the development of the expense of other key stakeholders at the expense to maximize the benefits for business owners is not desirable.From the modern theory of contract theory and modern property rights perspective, combined with the actual situation of modern economic development,compared to the stakeholder theory and the first owners of physical capital theory,stakeholder theory found that owners of capital than the first physical theory has moretheoretical guidance and practical significance.Therefore,this article 2004-2008 Shenzhen Stock Exchange listed companies for the study sample,an empirical form,to stakeholder theory,visit the Public Company Accounting transparency and the balance of interests between stakeholders,and hopestakeholder theory can be enriched by a new perspective to our stakeholder theory provides some suggestions.The results show that the Public Company Accounting transparency and the balance of interests among stakeholders are positively correlated,the higher the Public Company Accounting transparency, stakeholders balance between the interests of the higher level.