Study On Accounting Information Disclosure And Disclosure Violation Of Listed Company In China

The accounting information disclosure of listed companies is the foundation of capital market operation. If the accounting information is not true, it will distort the value of the stock, break the order of capital market, violate investors' benefits and frustrate the public's investment initative. Therefore, the accounting information is of great importance to capital market.Information disclosure is the core of Securities Market, and its present low quality has impeded the efficiency of capital resource sallocation greatly. Hence solving the problems existing in accounting information disclosure and improving its quality has great meanings. As regards present situations, there is still much weakness on quality and quantity in information disclosure. The purpose of this thesis is to solve this problem and propose some methods and suggestions. The thesis is composed of five chapters:Chapter one is about summary of accounting information disclosure. In order to understand the main characteristic and principle of disclosure of information more clearly, and offer some foundations for further study.Chapter two analyzes the economic theories on the accounting information disclosure of listed corporations. The thesis adopts the theoretical method of modern finance and information economy and puts forward to the importance of the information disclosure from three aspects including the hypothesis of effective market, asymmetric information and the theory of game:Firstly, the author introduces the hypothesis of effective market and believes the Chinese security market tends to be a weak effective market and that it is urgent to strengthen the construction of standard information disclosure.Secondly,the author analyzes market failure due to asymmetric information(adverse selection and moral hazard).The third one is that some rules should be made to prevent fake accounting information disclosure.In chapter three,the author analyzes the main problems existing in accounting information disclosure in China. The first problem, accounting information disclosure is unture;the second poblem, accounting information disclosure is not active;the third problem, accounting information disclosure is in no time.In chapter four, the author analyzes the factors influencing accounting information disclosure from internal and external of listed companies. In the internal reasons,the author analyzes from the angles of subjectiveness and objectiveness in order to make the analysis clearer. By analyzing,the defects on mechanism of corporate governance are the basic issures causing the violation disclosure of accounting information. But the moral loss of managers and accounting personnel is the problematic foundation stone. External reasons include:low cost of violation disclosure,legal faultiness,government function failure, CPA losing independence and the currupt of social morals. No matter the discussion of internal or external factors ,the author pays attention to moral factors,finds that moral loss exits in many aspects. First of all, supervising organizations can not function well, and local government only emphasized on its own benefit. What's more, with regard of personal benefit, CPA lost their independence when auditing. Furthermore, listed companies owned imperfect internal corporation governance,and they were short of real supervising division. All these factors led to the result that listing companies broke the laws and regulations.In chapter five, the author analyzes the measures to standardize accounting information disclosure of listed corporations.Fistly,consummate administraing structure of listed companies.Secondly,enhance the construction of accountingin formation disclosure system. Thirdly, being strict on executive.Fourthly,enhance moral construction. Such as changing government function, strengthening CPA's independence, improving internal corporation governance, and amending the relative regulations,etc.To administrate accounting information distortion is a compalicated social system engineering,the author believes that the most effective method is the construction of legal system.,not only listed companies but also the whole economies would get more improvements on the condition of taking the above measures.The author analyzes the facts of accounting information disclosure in China and presents some practical suggestions to improve accounting information disclosure system of listed corporations. All the comments and suggestions will be greatly appreciated if any problems!...