Accounting Information Property Rights And State-owned Enterprises Accounting Information Distortion

The distortion of accounting information of state-owned enterprises(SOEs) has baffled the development of our market economics heavily. Sincelong, the research on this problem has focused on the technical reasons ofaccounting information disclosures. But actually the accounting informationhas its characteristics on property rights, which comprise stakeholders' rightsand obligations on accounting information. So it's necessary to determine theboundary of the property rights of accounting information for the stakeholdersin the corporation. The bounding and maintenance for the property rights ofaccounting information are the determinative factors of the quality of theaccounting information.The initial bounding for the property rights of accounting informationbases on the ownership of the corporation, besides, government regulationand the morality are the power to maintain the fixing of the property rights.Based on this logic, the property rights of accounting information aredetermined by the following three features: the ownership of the corporation,the controlling from government and the morality. In this way, the authorstudied in the malformation of the property rights of the accountinginformation for SOEs and figured out its reasons. Furthermore, to restrain thismalformation, it's necessary to implement the mechanism associated with the"Conjunct Governance" model and the "Flexible Governance"model, whichwill solve the problem of the distortion of accounting information SOEsradically.