Research On The Accounting Policy Choice Of Listed Companies Based On The Corporate Governance

As an extension of property right, right of accounting policy choice is a kind of residual control of a listed company. Corporate governance is an institutional arrangement of property rights essentially and its core is the match of claim to residue and residual control. Accounting policy choice of listed companies will be subject to corporate governance. Research done in this dissertation mainly centers on accounting policy choice from the angle of corporate governance. It is divided into three chapters.Chapter 1 is the theoretical basis part of corporate governance and accounting policy choice. On the one hand, it discusses corporate governance's connotation, nature and three typical kinds of corporate governance modes. Following main content must be made clear: The nature of corporate governance is an institutional arrangement of corporate governance. On the other hand, it also discusses the contents of accounting policy choice, its economic consequences and two different kinds of value orientation that is opportunistic accounting policy choice and effective accounting policy choices.Chapter 2 analyzes the arrangement of the right of accounting policy choice and the influence over accounting policy choice exerted by corporate governance. Furthermore this chapter discusses accounting policy choice's feature in different corporate governance mode, including American and England external control mode, German and Japanese internal control mode, Italy and South Korea family control mode and comparison of arrangement of accounting policy choice's right as well as specific features of accounting policy choice's behaviors in different mode.Chapter 3 discusses the corporate governance and the accounting policy choice of listed companies in our country. As for limitation of internal and external corporate governance in our country, the behaviors of accounting policy choice of our listed companies have obvious tendency of opportunism. In analyzing the behaviors of accounting policy choice of our country, I take datas from different listed companies. Considering above analysis, some measures must be taken to improve accounting policy choice's efficiency. One is to consummate existing corporate governance of listed companies in our country. The other is to innovate corporate governance arrangement, which is more important.