Research On The Quality Of Accounting Information Disclosure And The Value Relevance In China's Listed Companies

The security market is a place for effective allocation of resources, and its standardization can not develop without improving the quality of accounting information disclosure of listed companies. Listed companies in recent years, cases of false accounting information disclosure often occur and people have a crisis of confidence. The information quality of listed companies disclosure not only impact on the right economic decision-making but also the healthy and stable development of the market. So this paper is research on the quality of accounting information disclosure and the value relevance in China's listed companies.First of all, this article from the theoretical basis for the disclosure of accounting information and accounting information related to the value of both the theoretical basis of analysis. When analyze the factors of the quality of accounting information disclosure we found that the quality of disclosure of false accounting information to improve the degree of asymmetric information. Second, the price model as the basis for empirical research with hierarchical and sub-annual. According to the Shenzhen Stock Exchange published the evaluation results of listed companies to disclose accounting information situation, and related financial data, we selected the four years (2006to2009), in each of the 75 empirical research samples. Data through descriptive statistics and regression analysis, we can get some conclusions:The first, listed companies in China in recent years, the quality of accounting information disclosure has enhanced basically, but its overall level is not certainly high, the excellent level of accounting information disclosure companies are not many. The second, the quality of accounting information disclosure will help increase the value of accounting information relevant. The third, Shenzhen Stock Exchange to carry out the evaluation of the disclosure of information is very necessary, its not only remind investors but also better regulate listed companies. Finally, this paper based on the reasons for the low quality of accounting information disclosure we put forward the corresponding policy proposal.