Game Analysis And Governance Research Of Accounting Information Disclosure Of Chinese Listed Companies

As capital market become increasingly prominent role in promoting economic development, the world's major stock markets regarded the disclosure of information system as the core of securities regulation. Most of the information disclosed by listed companies is accounting information, so accounting information disclosure system is the core of information disclosure system. Accounting information disclosure control is an important means of implementing accounting information disclosure system, is a cross-cutting areas of the government of stock market and accounting. Although different nations have different characteristics, their common target is to increase the quantity and quality of accounting information, reduce information costs and then reduce trade costs, thereby enhancing the efficiency of the capital market in the allocation of resources. But there are many problems on China's listed companies to disclose the accounting information.This paper is based on reading a lot of domestic and foreign literature, overviewed the procedures and content as well as the theoretical basis for research of accounting information disclosure, analyzed the current status of accounting information disclosure with a large quantity of detailed statistical data, for example, the existing laws and regulations as well as various punishments. The core of this paper is the Analysis of accounting information disclosure by game theory. In this part, we research the two sides game and tripartite game through two methods-"payment matrix" and "Game trees"; and find interests between the parties of accounting information disclosure and the major reason affecting the quality of accounting information quantitatively by using "maximum payment" method of calculation . We treat accounting information as a economic product, and find the causes of the false accounting information from the point of view of relationship between supply and demand. Then find out the deep-seated causes of China's accounting information disclosure problems by qualitative methods. Finally, we put forward listed company internal governance and external monitoring as two aspects to improve quality of accounting information disclosure from the results of game analysis, and qualitative analysis.