An Empirical Research On Listed Companies Of Value Relevance Accounting Information

January1,2007,a revised set of new corporate accounting standards system-"Accounting Standards"began to implement in the context of listed companies. The new accounting standards includes various types of economic operations of enterprises, both with International Financial Reporting Standards to achieve convergenced, and adapt to China’s socialist market economy. However, the actual situation of the implementation of the revised accounting standards after four years needs the actual data to illustrate.This paper firstly describes the value relevance of accounting information in the background, reviews the accounting standards of domestic and foreign scholars on the foremost research results, which focus on the relevance of accounting information and related empirical studies were simply summarized. Then in theory, this paper analyzes the value relevance of accounting information characteristics and influencing factors, analysis of the2007introduction of accounting standards system, to explore the value of information related to the accounting system of positive and negative effects in theory, certainly this accounting guidelines issued. On this basis, select the part of China in Shanghai and Shenzhen listed company’s financial data, an empirical test. From the empirical results, the implementation of accounting standards to some extent confirms the theoretical analysis of the results, does improve the value relevance of accounting information, but needs to be further in the implementation of the protection mechanism, strict enforcement of accounting standards more important than the accounting standards themselves.In this paper, drawing on available information at the same time, the environment for listed companies, accounting standards will be divided into internal and external enforcement mechanisms were explored to establish and improve mechanisms for implementation of the cross and the guidelines recommend.