An Economic Analysis On Malpractice Disclosed By Accounting Information Of Listed Companies

In a market economy system, information is the key factor influencing trading behavior. In the stock market, as the major listed companies participate in the main, the securities issuance, circulation, and many other aspects of public responsibility and disclosure obligations. Accounting is a universal business language, the extent of its disclosure, a direct impact on the market economic order. Accounting information disclosure of listed companies is timely, accurate and complete, compliance, is to evaluate whether the stock market, sound and the main criterion. Disclosure of accounting information's quality is very important to the entire stock market for sustainable development. However, the accounting information of listed companies of fraud is a very-common problem. It is a problem that beset the world. Enron, WorldCom, Xerox, Merrill Lynch, Merck, Qwest and other companies have exposed a giant accounting fraud news, fraud to the topic of accounting information continues to heat up in the world. China, a series of successive cases, the people from the former Joan source, Yinguangxia,Wuliangye events to the present events have illustrated a large number of accounting information disclosure fraud there, this behavior has seriously hurt the interests of investors against securities effective operation of the market.Although in recent years our government and the whole economic sector accounting profession of accounting information distortion causes and solutions were analyzed from all levels and put forward a variety of responses. But overall, the accounting fraud have not been fundamentally solved, accounting behavior and work order has to be further improved. Economics is known as the "Queen of Social Sciences," is to study how to properly configure and make full use of scarce economic resources to meet the various needs of science. Game theory and asymmetric information theory provide better tools and new theoretical perspective to explore the economics of fraud accounting information of listed companies. Therefore, from the economic point of view and ideas the author to explore, information disclosure of listed companies in the accounting fraud occurs because of economics, to find out the crux of the problem, according to the crux of the problem, so make relevant recommendations to strengthen corporate governance, sound accounting information disclosure system, further enhance the social and economic resources rational allocation and effective operation of the market.This paper is divided into six chapters:The first chapter describes the background and significance of topics, research ideas and methods; The second chapter describes the current research status and accounting fraud involving some of the theoretical basis for this article, for the following analysis of these theories provide a theoretical support. The third chapter is an overview of the accounting fraud, including the definition of accounting fraud, the principal and the principal accounting information disclosure problems, types of accounting fraud; the fourth chapter, starting from an economic analysis of corrupt conduct reasons. Starting from the basic assumption of economic man, the manager (the maker of accounting information) and analysis of information disclosure, but separately from the principal—agent system, crime, economics, game theory, information economics, and several other important branch of economics were analyzed to find out the reason of the fraud; Fifth chapter first introduced Wuliangye means of fraud, and then combined with theoretical analysis of the previous chapters, respectively, from the corporate governance system is imperfect, it was illegal for personal gain, principal—agent perspective, the situation of asymmetric information and fraud is much higher than the benefits Cost to analyze the reasons for false Wuliangye. Finally, Wuliangye the impact of fraud made simple elaboration.through the analysis shows there are strong business accounting fraud, and the fourth part of the theory used to analyze the cause and correct fraud, more flogging us to seek ways to resolve this behavior; Chapter VI summarizes the preceding analysis, from the optimization of the internal governance structure to address the main issues of accounting disclosure, increasing the Accounting fraud penalty cost of these three aspects of fraud suggestions for improvement.The main contribution of this paper:From an economic point of view of trying to accounting information of listed companies engaged in corrupt conduct in the interests of the motive. Chose another point of view of economics, economics is the mother of social science and economics to other disciplines tension provides new ideas and direction. Want to solve this evil from the system to provide a generally applicable method, also gives some feasible suggestions. But the downside is that the paradigm selected only specification without evidence, so to some extent, weakened the article convinced index.