Based On The Small And Medium-sized Investor Protection Of The Listed Company Accounting Information Transparency Research

To protect investors in the securities market, is an important means for countries to promote the healthy development of the securities market, and many experts and scholars dedicated to research in this area.In our country, a large number of small and medium investors constitute the major part of the securities market, but at the same time insufficient due to its relatively occupies an amount of money and expertise, coupled with inadequate access to information channels and serious herd mentality, so that small and medium-sized investors inin a weak position in the securities market, and are vulnerable to abuse of their legitimate rights and interests. Accounting information disclosed by listed companies is the main source of the small and medium investors to obtain information, and plays an important role in protecting the interests of the small and medium investors so that the interests of small investors, and the opaque accounting information of listed companies frequently have been infringed. Paper based on this study of factors affecting the transparency of accounting information and its influencing factors start to explore ways of of standardizing accounting information transparency, in order to better protect the interests of small investors, which is important at this stage of development of the securities market in China practical significance.Paper at home and abroad about the transparency of accounting information of listed companies based on small and medium investor protection problem research of the relevant literature is reviewed and summarized, based on the small and medium-sized investors and basic related content in this paper, the transparency of accounting information, combined with the efficient market theory, principal-agent theory, asymmetric information theory, such as theoretical basis, with actual system of listed companies in our country as the background, based on establishing the transparency of accounting information of small and medium-sized investor protection mechanism, factors affecting the transparency of accounting information both inside and outside two aspects of analysis, and select the shen zhen stock exchange listed companies in shen zhen data as sample, on the analysis of the elements that influence the system research, mining and draw transparency in listed companies in China affect the decision of the small investor protection mechanism, reform of our country for the future of the securities market, information transparency, perfecting regulation and accounting system to provide the corresponding theoretical and empirical basis, the influence factors of transparency of accounting information to carry on the empirical analysis, through the correlation between all factors and accounting information, and according to the analysis of the reasons put forward to improve the accounting information transparency of listed companies to protect the interests of small and medium-sized investors relevant countermeasures and Suggestions:strengthen listed companies based on small and medium investor protection construction of the external environment, improve the level of internal governance of listed company, establish a unified evaluation system of transparency of accounting information of listed companies, improve the level of small and medium-sized investors to protect themselves.