The Economics Analysis On Accounting Information Disclosure Of China's Listed Companies

. The development of the security market has taken significant effect on improving socialist market economic system and the modern enterprise system as well as disposing the resources efficiently. An efficient stock market is founded on objective and timely disclosed accounting information of listed companies. The disclosure of listed Co. is a process or a system by which the accountants collect, arrange, deal with and finally test the accounting information, after this process, information are disclosed to the stock holders. This system not only affects investors, creditors and many other stock holders, but also the whole nation.China's accounting disclosure system has played an essential role for many years in protecting the benefits of investors, promoting the development of the corporations themselves and the stock market, but there are still deficiencies, as referred to the strategy and the operation, the problem in the market is that less objective and less timely and undetailed information which are disclosed by listed Co. cause the investors making wrong decisions. Undoubtedly, these factors will make a great loss to investors and severely deteriorate the environment of investing they will also lead to severe fluctuation of the stock price. All these problems will jeopardise further development of stock market. So there is no doubt that we need to analyze the issues deeply which lead to the unreal information disclosure behaviors.Based on the analyses of the definitions of accounting information disclosure and its fundamental theories, this thesis proposes to reveal the problems existed in accounting information disclosure of listed Co. By using the games theory and information economics theory, the paper gives deep analyses and after that, brings up solutions that focus on improving the accounting information disclosure system. Five parts included as follows:Part one: definitions of accounting information disclosure. the beginning of this part introduces the basic concepts and the developing history of accounting information disclosure system, in terms of new accounting principles, the paper probes into the principles of accounting information disclosure system.Part two: theory basis of accounting information. In terms of efficiency market theory, game theory, information asmmetry theory,S-D theory, this part gives us the theory basis of accounting information disclosure system.Part three: issues of the accounting information disclosure system. Through lots of examples, in this part we manifests the problems existed in accounting information disclosure system of listed Co. Part four: analyses of the issues. This part analyzes the problems deeply by using the theories mentioned above to get the resolutions to resolve the problems.Part five: propositions of perfecting accounting information disclosure system. This part arises suggestions that we must advocate rational investors, prompt the stock market, implement new auditing principles, enhance social auditing supervision, adjust the functions of CSRC, strengthen the regulations of government, perfect the laws and rules of accounting information disclosure system.