Research On The Institutional Background And Financial Performance’s Impact On The Transparency Of Accounting Information

As everybody knows, the stock market is highly dependent on the accountinginformation of capital market, Thetrue, objective, accurate, comprehensive accountinginformation and timely circulation is the cornerstone of the securities market efficiency.Inrecent years, a series of economic and financial cases happened, such as USA subprimemortgage crisis, the European debt crisis and the domestic and foreign Qiongminyuan,Delong group, Hainan sea, a series of vicious fraud is showing the importance of thetransparency of accounting information displayed on the corporate performance and fraudinvestigation. Therefore, further strengthen the research of the transparency of accountinginformation has become a hot issue in theory and practice.The transparency of accounting information by the integrated effect of many factors,from the macro perspective, the legal environment, market development level, and culturalbackground, the extent of government intervention, the degree of investor protection level,social capital can affect the accounting information transparency in the institutionalenvironment; from the microscopic point of view, the corporate governance structure,financial performance, equity structure, ownership characteristics, internal control qualitywill also have an impact on the accounting information transparency of internal.Based on the comprehensive analysis of the transparency of accounting informationexisting theory and relative indexes, and define the transparency of accounting informationin the summary of relevant theoretical research results. In a brief analysis of currentsituation of listing Corporation accounting information transparency in China, from themacro and micro levels were chosen to analyze the institutional background and thefinancial performance in the transparency of accounting information, and put forward thehypothesis, an empirical model. In the relevant variables and data selection, based onChina’s institutional background related data and the Shenzhen A shares of listingCorporation2010-2012year data, after controlling for firm size, asset liability ratio,industry type and other indicators, the first empirical influence financial performance test, the transparency of accounting information, related index and then the cross variable waysof introducing the system background of market level, the level of legal protection, thegovernment intervention level, social capital level to macro and micro factors affectingfurther combination of factors, more powerful influence on the transparency of accountinginformation.The empirical results show that, the system background and financial performance hasanimportant impact on thetransparency of accounting information. In view of the empiricalresults and current situation of the transparency of accounting information disclosure inChina, finally, around the policy point of view, provides a theoretical perspective andempirical data corresponding to improve and promote the transparency of accountinginformation of listing Corporation in China’s evaluation system and strengthen corporategovernance, financial performance.