Accounting Rent-seeking Research

The paper firstly discuss the main behaviors and detail reasons of accounting rent-seeking. The cause of accounting rent-seeking has close connection with institution and system and property right. The most important things due to accounting economic consequences and information dissymmetry and accounting regulation. The public area of accounting and government regulation on accounting is the basis of the exist of accounting rent-seeking. Under the influence of environment, our enterprises, compared with the counterparts in abroad, usually do not undertake accounting rent-seeking during establishing accounting principles (beforehand), but during the implementation of the principles (afterwards). Due to the differences of the factors like economic systems, etc., the reasons which lead to accounting rent-seeking in different countries vary. In developed countries such as Britain and America, etc, accounting rent-seeking comes into being mainly due to governments'regulation on accounting information and interest-drive and accounting principles globalization. In china, it dues to its transitional economic environment, improper intervention on economy by government and individual investors have the same interest favoritism with company administration on financial disclosure of public companies. The paper mainly discuss financial accounting rent-seeking, it also partially discusses managerial accounting rent-seeking. The paper describes the harmful influence of accounting rent-seeking, at the same time it discuss the countermeasures. Using anti-rent-seeking theory as reference, in order to restrain the negative influence of accounting rent-seeking, China should speed up the administration reform, transform government function, reduce unnecessary government regulation, increase the public influence during establishing accounting principles, straighten the punishment on negative rent-seeking and speed up democracy process, etc. above all the system innovation is essential.