The Accounting Information Disclosure Quality On The Impact Of The Shareholding Structure Research

Quality of information disclosure on the securities market is an important topic, information disclosure of listed companies is the bridge connecting the securities market, the level of quality of information disclosure directly affects the user's investment decisions.Disclosure of accounting information quality is an important component of stock market and corporate governance research.Over the years, scholars from all angles have done theoretical and empirical exploration in many areas.And formed the formation of the asymmetric information theory, principal agent theory, property rights theory, stakeholder theory and other classical theory, which provides a rich theoretical foundation and empirical cases.for current and future research.This paper reviewed classical theory and empirical research of the domestic and foreign relating ownership structure and the quality of accounting information disclosure, analysised the current research gaps and the area of further improving. Combined of Chinese share reform, based on the data of listed companies in China, there analyzes the shareholding structure of listed companies in the influence on the quality of accounting information disclosure.After the split share structure reform, the ownership concentration of chinese listed companies have a certain degree of decreased, a certain degree of equity to improve balance, improve the ownership structure to a certain extent, the study on the quality of accounting information to conclude:First, before the split share structure reform, the sample shares of listed companies on the quality of information disclosure of the nature of weak. After the split share structure reform, state-owned shareholding, managerial stockholding level has significant effects on disclosure quality. Second, before the split share structure reform, the controlling shareholder of "hollowing out theory" and "monitor theory" checks and balances, ownership concentration on the quality of information disclosure is not obvious, After the split share structure reform, ownership concentration significantly improved the quality of accounting information disclosure. Third, before the split share structure reform, the controlling shareholder is basically super control, the second largest shareholder and other shareholders of the controlling shareholders counterbalance ability weak,,that promote before the split share structure reform, the quality of information of the stock market lower. After the split share structure reform, equity balance degree of negative impact on the quality of information disclosure is more evident.Finally, the article based on the conclusions in the study, proposed accelerating the "size of the non-" lifting of the ban and promote equity circulation; speed up the state-owned shares, to improve the securities market environment; Keep an appropriate proportion of state, reasonable equity concentration; improve laws and regulations to protect small and medium Interests of the outstanding shares of recommendations to enhance the quality of accounting information disclosure of securities to provide policy information.