The Research On Accounting Policy Choice Of Chinese Listed Company

The accounting policy choice is a series of subjective judgment and choice behavior of management authority in the process of confirming,measuring,recording and reporting accounting information. It's the key to decide the quality of accounting information to the external world. Because of the faintness of accounting, the intrinsic lack of the accounting theory, the incompletion of accounting standard and the demand of modern marketing economy, the accounting policy choice become an inevitably behavior .China now is still in the stage from the planned economy to the marketing economy, compared to the western country, our capital market is still not so normal and complete. And because of special political and economy background, the motive of our country's listed company show some special character. In this paper, by connecting of our country's special political and economy environment and using the positive method , the writer analyze the motive of our country's listed company from the angle of covenant. The conclusion indicates that the factors that decide the accounting policy choice of Chinese listed company are not the famous three hypothesis, but the supervise policy of the market and etc.This paper is divided to five chapters. Chapter one discusses the nature of the accounting policy choice and objective reason about its exist. Chapter two discusses the effort of the research on the motive of the accounting policy choice. The abroad research concentrates on three famous hypotheses, but the Chinese research on the item shows Chinese listed company has some special motive. Chapter three mainly discusses the factors that affect the accounting policy choice of China's listed company. There are mainly two aspects. One is the external environment, and the other is the internal corporate governance structure. Chapter four is positive research. By virtue of the model of Zmijewski and Hagerman, the writer analyzes the motive of our country's listed company by using three accounting policies. And the last chapter discusses the conclusion,limit,future and a few useful suggestions.One of the paper's innovations is using a series of accounting policies, this method is seldom seen in previous articles. And the other innovation is using a hot point in capital market in 2005, by using this hot point, the writer can get a new covenant variable that differ from previous research.