Research On The Quality Of Accounting Information Disclosure Of Small And Medium - Sized Listed Companies From The Perspective Of Corporate Governance

With the development of our country’s economy, the corporate governance of listed companies is increasingly perfect. Compared with the developed countries, there are still some defects in the corporate governance of listed companies in China, especially in the small and medium-sized boards of listed companies. Corporate governance is a kind of check and balance mechanism, which plays a very important role in the aspect of quality of accounting information disclosure. The defects of corporate governance has great impact on the quality of accounting information disclosure, so I have chosen this topic for research.Good corporate governance is the premise of enterprise long-term and stable development, but due to the defect of corporate governance, some of listed companies may disclose false accounting information to deceive investors and the public. The unreasonable corporate governance has been one of the prominent problems in the capital markets. Due to governance problems in some companies at home and abroad, it makes the companies suffer from huge losses, even makes the companies face bankruptcy, leading to unemployed workers, increasing social employment pressure, damaging to the interests of investors, these results have a close relationship with the unreasonable corporate governance. In addition, not only does corporate governance mechanism influence the progress and development of the market, but also it will affect the market value of the shares of listed companies. Reasonable and effective corporate governance mechanism is not only beneficial to establish a good balance relationship, but also do it straighten out the relationship between power and responsibility, help top managers make scientific and reasonable decision. If the company management is proper, the company’s business results can’t also be bad, enterprise doesn’t usually disclose false information to attract investors. If the whole company internal and external governance is reasonable, it is beneficial to guarantee the quality of accounting information of listed companies disclosing. Therefore, based on the corporate governance as a starting point, using the principal-agent theory, asymmetric information theory, stakeholder theory and contract theory as the theoretical basis, analyze the relationship between corporate governance and accounting information disclosure quality, corporate governance can be divided into internal governance and external governance, the internal and external corporate governance structure as the main line runs through the full text, I analyze the current main problems of accounting information disclosure quality of small and medium-sized boards of listed companies, and select "green earth" company financial fraud as an example, from the perspective of corporate governance, I study the causes of financial fraud. I analyze the green earth company due to the defects in terms of corporate governance, leading to the phenomenon of financial fraud, the company is investigated and exposed by China Securities Regulatory Commission at last, which states that accounting information distortion is related to the unreasonable corporate governance. At last I put forward to constructive suggestions on perfecting corporate governance from the two aspects of internal and external corporate governance, in order to improve the quality of accounting information disclosure.If listed companies disclose high quality accounting information, It is beneficial to both the normal and healthy development of capital market in China, and to protect the vital interests of the investors, At the same time, It is also necessary for company to continue as a going concern. However, listed companies tend to think from their own interests, such as in order to achieve the listed qualification, to deceive investors, tax evasion and evasion purposes and so on, they may disclose some false accounting information. Therefore, the financial scandal is the more common. I think It is a correct and necessary way to perfect the corporate governance to improve the quality of accounting information disclosure.The purpose of this paper is to study widespread problems in corporate governance of small and medium-sized boards of listed companies analyze the causes, and propose suggestions aim at corporate governance, reduce the disclosure of false accounting information, I hope listed companies can provide true and reliable accounting information to protect the interests of stakeholders, ensure normal and stable operation of capital market in china at the same time.