China's Private Listed Company Governance Structure Characteristics Of The Impact Of Accounting Transparency

Corporate governance structure is very important for the development of private listed company. The amount of private listed companies increases very rapidly in the recent years. Investors do not have enough confidence on the private listed companies because their accounting transparency are very low, which really influence on the development of private listed companies in the future. On the other side, corporate governance structure influences on private listed companies' accounting transparency. It has huge value both in theoretical domain and practical domain for us to research and analyze the character of private listed companies' governance structure based on accounting transparency aspect.This paper commits itself to research and analyze how the character of private listed companies' governance structure impact on their accounting transparency, in order to show which characters of private listed companies' governance structure and ownership structure can improve companies' quality of accounting information and voluntary disclosure. Sane corporate governance structure is propitious to improve companies' quality, other shareholders' profit protecting, and it also can improve the communication between the listed company and its investors.At first, this paper reviews the correlative literatures and papers concerned on the private companies' corporate governance and their governance defects, summarizes the character of private listed companies' governance structure, the recent study actuality on private listed companies' governance structure, and also the recent study actuality on how the character of listed companies' governance structure impact on their accounting transparency. All those make up of the papers' theoretical basis and practical basis.Then the paper analyses on the the character of private listed companies' governance structure and also how the character of private listed companies' governance structure impact on their accounting transparency on all the private listed companies in Shanghai and Shenzhen Stock Exchange during the period of year 2002-2004. (l)Summarize thecharacter of private listed companies' governance structure on the aspect of ownership structure, characteristics of board, characteristics of board of supervisors and characteristics of manager according to the statistic analysis and contrast analysis; (2) Propose the relevant hypotheses according to the theoretically analysis and logistic consequence, and then use the regression method to test and validate all the hypotheses, so that we can know how the character of private listed companies' governance structure impact on the companies' accounting transparency.At last, the paper summarizes all the study results and relevant applications, bringing up some suggestion on how to improve the private listed companies' corporate governance structure and how the China Securities Regulatory Commission supervise on the private listed companies more effectively. The paper will also show its shortage in the research, propounding on the aspect which should be researched more in the future.