The Research Of The Listed Companies' Accounting Information Disclosure In Mainland And Abroad

Chinese securities market, as one of new markets in world, has a great progress for more than ten years. Up to the end of June in 2006, the total listed companies' market value is 1674.907 billion. At the same time, the number of the investors amounts to 75.2603 million. However, a series of incidents that some listed companies disclosed false accounting information have brought great fluctuation in the securities market and blocked the healthy development of the securities market. The normalization of accounting information disclosure is very helpful to maintain the securities market's order.This paper, firstly based on the conceptions and theories of accounting information, analyzes the economic characters of accounting information. The commodity nature makes it obey the law of supply and demand; and the public goods nature makes government control information disclosure. The government should control the information disclosure moderately.Then the paper introduces and analyzes the present bylaws system which prescripts the disclosure of accounting information and the content of the listed companies' accounting information disclosure in mainland and abroad. Based on the present conditions of accounting information, combining the realization of China, the author advances some idea.Finally the paper analyzes the supervise system of listed company accounting information, and find its problems and to improve it. It tries to make use of The Game Theory to analyze the reasons that the listed companies disclose much false information and holds that the basic solve way is reinforcing the power of punishment.