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Otc Market Accounting Information Disclosure Issues Related To Research

Posted on:2013-01-20Degree:MasterType:Thesis
Country:ChinaCandidate:Q TianFull Text:PDF
GTID:2219330371470537Subject:Accounting
Abstract/Summary:PDF Full Text Request
With the rapid development of the national economy, the development of theOTC market has been gradually recognized by the country, Tianjin, Shanghai,Shenzhen, Chongqing, Zhejiang and other provinces and municipalities have set up aregional equity market and the introduction of the relevant supporting policies toencourage regional OTC market development, to solve the problem of financing smalland medium-sized OTC companies, regional economic development.The State Council proposed to increase to optimize the investment structure,conscientiously implement the State Council on Encouraging,36to guide privateinvestment, pay close attention to the development of an open and transparent marketaccess standards and support policies to effectively expand market access, and trulyget rid of a variety of tangible and intangible barriers to encourage and guide privatecapital into the financial services sector, to strengthen private investment in theservice, to guide and standardize management. With the three new board policiesbecome increasingly clear, can be expected that the development of the OTC marketwill surely usher in a historical opportunity for development.Domestic, academia and the practice of information disclosure issues andconcerns, main focus over the years is in the public market, accounting for a handfulof listed companies, the current study is mostly concerned about the listed companies'financial decision-making and disclosure of market impact. As the focus of theresearch, information disclosure across the accounting, the three major areas offinance and economics, covering the three areas of the contract, efficiency and systemresearch.Normative analysis and analytical methods, economics, accounting informationdisclosure of the OTC market, the cost-benefit analysis and game equilibrium analysis,and explore the motives of the OTC market, disclosure of accounting information,using various forms of investigation, through to the OTC market's potential OTCbusiness information needs to conduct a survey to obtain data samples available itsinformation disclosure mechanism. Start the course of development of the OTCmarket, analyze its characteristics, the study of the internal mechanism of the OTCmarket accounting disclosure, trying to establish the disclosure of accountinginformation system suited to China's OTC market to provide a theoretical basis toregulate the OTC market, regulatory, and accounting information disclosure toimprove China's OTC market quality.OTC market is diametrically opposed to the requirements of the motherboardmarket, OTC market OTC threshold is low, the investment threshold is high, withstrong flexibility and openness, countries in the OTC market, mostly OTC financingOTC enterprises without restrictions on the conditions, OTC corporate informationdisclosure is not strict. The credit status of the OTC market the OTC companies tendto vary greatly, in the case of the information seriously and not OTC enterprise hasundertaken a high investment risk. Therefore, in response to the various risks shouldbe established to adapt to China's OTC market, disclosure of accounting informationsystem.
Keywords/Search Tags:OTC market, disclosure of accounting information, accounting quality, game equilibrium analysis, cost-benefit analysis
PDF Full Text Request
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