The Study Of The Validity Of Accounting Information Disclosure Of Listed Companies In China

The accounting information disclosure of the listed companies is an important way that investors understand the companies' financial conditions and operating results. Only high-quality and valid accounting information can reduce the capital markets information asymmetry in the risks of investors, effectively enhance the market transparency, improve the efficiency of the resource allocation, protect the interests of investors, maintain the orders in the securities markets, boost the value of the listed companies in the creation capabilities and competitive advantages, improve the efficiency of the capital markets, so as to promote the development of the capital markets more healthy and efficient.This paper draws on the basis of research results home and abroad, by reading a large number of Chinese and foreign literatures, combines the normative and empirical research methods, and complies with a combination of theory and practice of research ideas, so as to study the validity of accounting information disclosure of Chinese listed companies. It takes the following five principles as a standard to evaluate the validity of accounting information disclosure of Chinese listed companies. The five principles are real, accurate, prompt, complete and fair. At the same time, this paper uses a sample of China's 100 listed companies of 2007-2009 annual reports from Shanghai and Shenzhen stock exchange, then gives an overall evaluation of the present situations of the validity of accounting information disclosure of listed companies in China, and summarizes the problems of it. After analyzing its underlying causes of the status, it puts forward to some corresponding countermeasures: establish a sound accounting information disclosure system of listed companies, improve the corporate governance structure, severely punish those who violate the law and discipline of accounting information disclosure of listed companies.This paper can help consummate our country listed company information disclosure supervision system, set up a more healthy and sustained development of capital markets, make further efforts to enhance the validity of listed companies'information disclosure in China .