Rent-seeking By Accounting Information In China's Listed Companies

Listed companies are more and more important in the securities. Accounting has its economic consequences, it is able to transfer social wealth non-productively. At the same time, it brings some serious accounting rent-seeking problems in the securities .These years, domestic scholars have done some researches in quality,system and types about accounting rent-seeking, but in general, those researches are most focus on accounting rent-seeking during establishing accounting principles. Under the influence of environment, our enterprises, compared with the counterparts in abroad, usually do not undertake accounting rent-seeking during establishing accounting principles, but during the implementation of the principles. Accounting rent-seeking could cause seriously distortion of financial information, waste social resource, and also distort deployment of social resources. Recently, the activity of accounting rent-seeking happens frequently which could prevent the development of our country's economy. However, such researches are not sufficient up till now. So the main results of this paper are follows:This paper made some researches of listed company accounting rent-seeking, defined accounting information rent-seeking of listed companies, analyzed present characteristic of accounting rent-seeking is manipulate the accounting information to cater for the financing policy, and change the share of resource. This paper try to analyze the intention of accounting information rent-seeking activities, in order to enhance the explanations of accounting theory to accounting practice. On the base of above research, the thesis consider that rent-seeking by accounting change,fraudulent practices and purchases the audit option are the kinds of accounting information rent-seeking. This paper founds that is depended the accounting-based regulations about change or not and how to changes, the accounting regulations only be working as an auxiliary conditions. So, to reducing the accounting-based regulations is the best way to reduce the listed companies'accounting information rent-seeking, and better the resource distribution in the securities market.As one of the important bodies of security market, the listed company spread out kinds of accounting rent-seeking activities in the "rent-seeking space". So, systematical study on and explanation accounting information rent-seeking of the listed companies has very important practical and academic significance to improve the securities market supervision, to establish and improve the accounting standards system.