The Study On The Regulation Mechanism Of Accounting Information In Listed Companies Of China

The regulation of accounting information is a kind of regulating behavior aiming to the false accounting information. But seeing from the recent circumstances of our country, many problems exist in the process of regulation of accounting information in listed companies. These problems seriously influenced the effect of the regulation. So this thesis provides a new way to solve the problems using normative research methods based on many results of empirical research. And the thesis studies the new way under the structure of the regulation mechanism of accouting information.Firstly the thesis elaborates the theories about the regulation of accounting information from the view of external regulation and internal regulation. The thesis analyses the external regulation based on public interests theory and regulation cost theory, integrated with department interests theory, regulatory capture theory and pubilc choice theory. The thesis analyses the internal regulation based on contract theory, asymmetric information theory and asymmetric incentive and restraint mechanism theory.Secondly the thesis analyses the present situation and the problems of the regulation of accounting information in our country. The thesis points that in our coutry, the aim of regulation is not clear. The funtion of regulation subjects is overlap. The model of regulation is not rational. And the measure of regulation is single. Then the thesis points that the problems are the governmental regulation with low efficiency, the social regulation with limited funtion and enterprise regulation with existing in name only. Also the thesis points that the key point of solving the problems is to create a scientific and perfect regulation mechanism of accounting information in listed companies.Lastly the thesis studies the regulation mechanism including the functioning aim, the orgnization of the mechanism and the functioning principle based on the theory of mechanism design. The thesis demonstrates the functioning aim is hierarchy. The final aim is to protect the justice of the market and the interests of the public. The contol aim is to eliminate market failure and to avoid government failure. The concrete aim is to enhance the quality of accounting information. And the regulation mechanism is organized with the orgnization of government, the orgnization of society and the orgnization of enterprise. The regulation mechanism should include three parts: the functioning mechanism, the incentive mechanism and the restraint mechanism. The functioning mechanism is to guarantee the regulation mechanism will function well. The incentive mechanism will provide the power for the regulation mechanism. And the restraint mechanism will help the regulation mechanism adjust and control itself.