Discussion Of Gem Disclosure Of Accounting Information System

As the place for direct financing of small and medium-sized enterprises, GEM is an important component of the security market. Because the market orientation of the listed company of GEM is different from main board, GEM has paid attention to enterprises' future growth potential, and the development prospect uncertainty of small and medium-sized enterprises is very great, so investors face the information altitudinal asymmetry in this market, In order to protect investors' interests, and to dispel the negative effects that information asymmetry has brought, and to promote the reasonable stock price to take shape, markets for the second board all over the world regard the accounting information disclosure system as an important supervision way.The stock market for the second board of our country has not been put out formally yet, though the relevant content forms and consultant documents of accounting information disclosure of GEM have already been issued, but currently existing system is still not sound enough. So this thesis intends to approach how to perfect GEM system of accounting information disclosure of China concerning the design and execution of the system. This thesis is based on economics, relying on the theories of accounting information disclosure and the supervision theories in the security market, uses the latest research results of GEM security market for reference, combining the characteristic of the security market of our country and the research approach of comparative analysis, analyses the theory and the practice synthetically. The thesis is divided into six chapters. The concrete structure is as follows:The first chapter intends to offer the theoretical foundation of accounting information disclosure in security market and on this basis to analyze the risk in GEM. The second chapter summarizes the characteristics of the relevant regulations of accounting information disclosure in GEM and points out the existing problems. The third chapter aims at the review and reference on information disclosure system of NASDAQ. The fourth chapter brings forward the concrete suggestions of accounting disclosure system of Information in GEM of China regarding system design. The last chapter proposes strengthening internal construction of listed company and perfecting external environment of listed company to improve efficiency of disclosure system of accounting information and makes an expectation of accounting information disclosure in GEM of China.