An Empirical Analysis About The Relationship Between Transparency Of Accounting Information And The Capital Market Allocation Of Resources Of Listed Companies

In recent years, accounting academic gradually increase the attention about transparency of accounting information in the listed companies, it has become the current hot issues in this research area. In practice, the transparency of accounting information is also increasingly seen as a measure of the quality of accounting information of a measurement scale. Transparency of accounting information can be measured has become the corporate governance structure, resource allocation, capital market and steady development of metrics of the indicators. From the definition of the concept of transparency in accounting information related to the literature review, the paper said:effective in certain markets, the accounting information of listed companies more transparent and conducive to capital market the higher quality resources to guide the flow to the high efficiency of enterprises, and efficient capital Rational investors to the market emphasis on fostering use of accounting information, the information to improve the transparency of accounting information were improved, the accounting information play a basic role in the capital markets.This paper is divided into six parts, the introduction describes the background and significance of the research topic, this study contribute innovative ideas and out, two or three parts of the transparency of accounting information were explained the allocation of resources and capital market concepts and theoretical basis To provide a solid empirical below the fundamental theory. Part way through four or five empirical design model to study the information transparency and the relationship between resource allocation, market allocation of capital measurement capabilities, combined with the actual situation of China’s capital market regression results, a positive correlation between the conclusions drawn, and from the accounting Transparency of information to put forward our point of view of capital market allocation of resources inefficient status quo.Part V compliance, the sixth part of the existing problems on the transparency of accounting information resources and coordinated development of capital markets policy recommendations, respectively, both from the perspective of the market and the system of countermeasures detailed.In practice, we can easily find a larger proportion of small shareholders in the choice of investment instead of relying on actual accounting information but choosing instead to blindly with the village, this concept of neglect and bias on the capital market is not conducive to effective high-speed The development, but also not conducive to ensure true and reliable accounting information and the timeliness of disclosure. This non-rational investment behavior may be caught in a vicious cycle of capital markets, but also seriously affect the implementation of national macroeconomic policy-oriented, so achieving the desired results. Therefore, as the research background paper to the real data on the quality of accounting information on capital markets, the impact of certain resources, and an appropriate combination of industry background to reveal the different degrees, as proposed by the voluntary allocation proposed to increase the efficiency of capital markets can Aspects to improve the quality of accounting information point of view, to reduce the information asymmetry so as to enhance the protection of legitimate rights and interests of investors, ease rational investment, and promote the orderly development of capital markets, protection of national macroeconomic goals, etc, provide a theoretical basis.