Study On The Quality Evaluation Of Financial Information Under The Perspective Of Decision Usefulness

Modern economic society is full of information asymmetry, so people need useful information to make decisions. Financial information is the main information that the information users evaluate whether the company has an investment, and it links the capital owners with the asset managers, and it is also the bridge of stakeholders. According to the current situation in our country, each enterprise offered financial information form is basically similar, but content and quality are not the same. The users rely on the information that financial reports provide to make economic decisions, whether this information is real or reliable, whether it has predictive value, whether it is useful to the investors have become the concerns of financial information users, so it is necessary to evaluate the quality of financial information.Studies on the quality of financial information are mostly from the angel of earnings quality, from the angel of specific feature of the quality of financial information or the connections among some features, from the angel of disclosing quality, and these studies mostly stay in qualitative level, lacking an easy, quantitative and comprehensive quality evaluation system of financial information. This paper attempts to study on the quality evaluation of financial information from the point of view of quantitative.This study is based on reviewing and summarizing the relative research on decision usefulness and the evaluation of financial information quality in domestic and international, and it introduced asymmetric information theory, principal-agent theory, efficient market theory, and game theory in to the study as its theory support.First of all, it elaborates related theories of decision usefulness and quality evaluation of financial information, and defines the quality evaluation of financial information under the perspective of decision usefulness; secondly, it analyzed the current situation and the existing problem about the quality evaluation of financial information in the perspective of decision usefulness, and analyzed the reason of the problem; Furthermore, according to the related factors which influence the quality evaluation of financial information under the perspective of decision usefulness, set related and reliable core indicators, using the optimization method to give the weight of each indicator, using the fuzzy evaluation method to build a mathematical model of the quality evaluation of financial information under the perspective of decision usefulness, analyzing the related indicators of the fifty quoted companies which conform the sample request, obtaining an evaluation result to test the model. Finally, according to the built model and test results, it puts forward to specific suggestions of enhancing the quality evaluation of financial information in two aspects of macro and micro. It provided a guarantee for investors to predict, compare and evaluate the financial capacity, then make better financial decisions.