Disclosure Of Accounting Information To The Relationship Between Research And The Validity Of The Securities Market

The validity of security market, as important criteria to judge efficiency of social research allocation in security market, relate closely with accounting information reporting systems. How to improve the level of validity of security market through perfect accounting information reporting systems, is a veiy important issue concerned by academic circles and practical economic departments. The research aims to find out solution to the problem. Firstly, the research begin with efficient market hypothesis, discusses the relation between the validity of the capital market and the information reporting system. Secondly, the article emphatically analyzes the validity of security market and the information reporting of listed companies in china. Thirdly, In view of existing question in Chinese stock market, the research also gives some suggestion.Apart from the introduction, the study comprises three main parts.Chapter 1 .Firstly, the part defines some basic concepts. Then, the article deals with efficient market hypothesis, which give theoretical support for the empirical study, and examine the three requirements in a efficient Market. Moreover, author classifies security markets into three forms, and successively analyzes theirrelation between the validity of security market and information reporting. The article points the reporting accounting information, as the main form of market information, is an essential condition to the perfect capital marketChapter 2 discusses the characteristics of Chinese security market. The author reviews and evaluates several empirical researches about Chinese security market made by Chinese. It points out their defect existing in the research method. This part try to illustrate Chinese stock market抯 validity is very weak, through the analysis of stock price and speculative action. The author insisted that only the information reporting system is more perfect and reasonable, the security market is efficient.Chapter 3 empirically analyzes the situation of information reporting system in china, point out the main problem and offer several solutions in policy.