New Perspective Research On The Distortion Of Accounting Information

Accounting information distortion was studies from accounting information's property rights view in the dissertation which was based on property rights theory, principal-agent theory, transaction cost theory and game theory.Accounting information contains a huge "economic consequences", which directly affects the interests of all stakeholders in the distribution of results. Therefore, the paper studies accounting information provider (the owners of human capital) and accounting information needs (owners of physical capital) on the Game analysis. And the paper presents that accounting information's property right is the critical factor of the quality of accounting information. All the behaviors of all the stakeholders are from their desires to maximize utilities of themselves in the process of the game to accounting information's property rights system. Then this paper does empirical analysis of 39 companies of listed companies as a distortion samples and 39 real accounting information according to the same size and similar industries as a proportion of samples. Use Excel2003 and Spssl3.0 to do descriptive statistics and regression analysis.According to the results of the game analysis and empirical analysis, the paper presents that settling accounting information distortion should mainly rely on the reasonable definition and maintenance of accounting information system of property rights. The key of defining accounting information' property rights is to break the original property accounting information sharing system, and to change human capital and physical capital owner of the ownership of enterprises and unmatched control of the Residual Claim. To define property rights from private contracts way and the public contracts way as laws, regulations, etc. This paper divided the accounting information into financial information and management information, and defined their property rights respectively. And the role of protect accounting information' property rights is to punish violations. And this paper presents government, enterprises and market to safeguard accounting information' property rights.