Research On The Accounting Information Disclosure Problem Of The Listed Companies

Our country’s capital market started in the1990s to adapt to economic development trends.Contracting with the capital market of the other developed capitalist countries, our country’scapital market started to be late, the disclosure of accounting information was also relativelyweak. After the development of capital market for20years, the disclosure of accountinginformation of listed companies in our country has been maintaining stability. It has made greatprogress to the capital market development for the early stages. However, we should payattention to the listed companies on the serious incidents occurred in recent years at the same time.All incidents permeated the disclosure of accounting information.With the rapid development of the stock company system and capital markets, equitydecentralization has become a trend. The stockholders (shareholders) turned the attention to theintuitive information of the capital market under the conditions of the dispersed ownership, whileignored the accounting information provided by the listed companies. Accounting information isthe result by the information needs and information providers of long-term game, and accountinginformation is connected to the tie and bridge of listed companies and securities markets, thequality of accounting information disclosure of listed companies will directly affect theinformation user’s decision-making and the development of our country’s capital market. Sincethe demand for accounting information by the information needs decline, the pressure forinformation providers to provide accounting information will be reduced under dispersedownership conditions, the disclosure of accounting information quality of listed companies in ourcountry is bound to reduce. How to prevent the disclosure of accounting information qualitydeclining will be the focus of this study.In this paper, under the conditions of dispersed ownership, how to prevent the disclosure ofaccounting information of listed companies in our country declining in the quality will be a hotissue, after reading a lot of literature, I did more in-depth research and analysis. Firstly, the articlebegins with the research background and significance, dealing with the domestic and foreignresearch and research methods, and then introduced the relative theoretical basis. The third part,the theoretical analysis of the disclosure of accounting information decline in the quality underdispersed ownership conditions, major analyze the problem and the cause of the disclosure of accounting information, then we analyze the need to improve the disclosure of accountinginformation quality. The fourth part, the empirical reasoning of disclosure of accountinginformation quality and ownership concentration under highly dispersed ownership conditions.We take the largest shareholder stake of less than20%of listed companies of SZSE as a sample,and then we use logistic regression methods for the demonstration. The fifth part is given theways to improve the disclosure of accounting information quality under dispersed ownershipconditions, including to improve the accounting information disclosed positive for the accountingentity and so on. The last section is conclusions and outlook.