Accounting Rent-seeking Research Of Listed Company In Our Country

The accounting information distortion of listed company has been the major issue which the government, the academic circle pay attention together. Accounting information as a "quasi-public goods" has economic consequences. The economic consequences of their natural stakeholders make their rent-seeking behavior is bound to. Rent-seeking is usually a inefficiencies of economic resources in the configuration process.The use of rent-seeking theory in the accounting is called accounting rent-seeking. It will damage the main interests of other social subjects. The rent-seeking behavior of various stakeholders will cause a distortion of accounting information and disrupt the socialist market economic order, affecting the state's macro-economic regulations. America's "Enron" and China's "Guangxia incident" fully illustrates fully that accounting rent-seeking brought about damage largely, directly or indirectly. Therefore, accounting rent-seeking research of the listed Company is necessary.Point of this article is to focus on innovative analysis of rent-seeking activities of the major shareholders and managers of listed companies, with a more detailed description of the accounting data.This paper conducts an analysis of accounting rent-seeking behavior. In order to maximizing their own interests, before accounting information in the enterprise is announced, the operators will be used to change some accounting figures, the disclosure of accounting information will make they better. Major shareholders of listed companies or the major operators control the General Assembly and the board of directors, they make the company obey the will of the majority shareholder, through the advantage of controlling shareholders the right to vote. Occupied by the huge funds of listed companies, major shareholders of false-funded, with the other major shareholder of the related party transactions, the form of earnings manipulation, such as rent-seeking activities. Depend on the basic rent-seeking theory and the economic consequences of accounting theory, this paper studys China's listed companies accounting rent-seeking reasons, so that the benefit arises from rent-seeking motives of accounting, the imperfect accounting system provides a possible rent-seeking. On the basis of it, this article describes the reasons of accounting rent-seeking of China's listed companies. There are still many problems in China's securities market, mainly the construction of binding legal norms imperfect. To take effective measures to accounting rent-seeking has become an urgent task. In accordance with reason of rent-seeking and rent-seeking means of reason, this paper argues that accounting controls are fundamental and should strengthen the legal system, improve accounting controls in order to reduce rent-seeking activities of accounting.