Research On Accounting Information Transparency Of China’s Listed Company Influenced By The Financial Risk Indicators

With the occurrence of financial reporting defects such as earnings management,profit manipulation, financial reporting fraud, the choice of accounting methods anddeficiency in information disclosure, company information transparency has becomean increasing concern of the theory and practice community. In order to protect theinterests of investors, to regain their trust on the capital market and to ensure itssustained and healthy development, we must improve accounting informationtransparency, and the key is to clarify its impact factors.This paper uses the method of combining theoretical analysis and empirical test, alongan idea begin with the problem, literature review, definition, theoretical analysis,empirical research and end in policy recommendations to research the influencingfactors of accounting information transparency. In defining the relevant concept, thispaper introduces a financial risk assessment system, and analyzes the impact ofvarious financial indicators of corporate to accounting information transparency.Selecting data of the company of A-share listed on the Main Board in the ShenzhenStock Exchange to make regression analysis. The empirical results show that in theindicators of the five levels reflecting the financial risk, including capital structure,operational capacity, profitability, ability to grow, as well as cash flow capacity, totalassets turnover and earnings Net cash flow per share from operating activities arealways relatively significant, and thus have relatively positive influence on thetransparency of accounting information; equity multiplier, accounts receivableturnover, return on equity and revenue growth rate are less significant on thetransparency of accounting information, but they also play a role in the level oftransparency of accounting information, the increase of equity multiplier will lead tothe reduction of transparency of accounting information, and the increase of liquidassets turnover, return on equity and revenue growth rate will improve thetransparency of information.Based on the empirical results and the status quo of China’s information disclosure,this paper finally makes policy recommendations, such as establishing, improving andpromoting the evaluation system of accounting information transparency;strengthening and improving the construction of the company’s financial risk earlywarning system and improving the corporate governance structure. This paperprovides new theoretical perspectives and empirical evidence to relevant research.