A Research On Accounting Information Disclosure Of Stock Market Based On Protection Of Small And Medium-sized Investors

As a significant component of modern economy, Chinese stock market played an irreplaceable role in optimizing the allocation of social resources. However, in the rapid expansion of stock market, it is not difficult for us to acknowledge that the Chinese stock market is still far from maturity, which is reflected on the extreme fluctuation of stock price due to the disparity of price and value. The most conspicuous phenomenon is that the rights of small and medium-sized investors who compose of99.59%of the investors are jeopardized, as a result of the violation of the compliance of accounting information disclosure of listed companies. Therefore, a thorough research on this topic will be of great importance both in theory and in reality, on the ground of protection of the rights of the investors and the stock market standardization.The research paper shows the analysis of five dimensions. It first states the related theories on information disclosure and the protection of investors, as well as the correlation between. Secondly, in the form of a survey, it analyzes the current situation and problems of accounting information disclosure from the angle of investors’protection of China market. The author takes "Green-Land" as an example, further demonstrates how the listed company caused severe loss among investors because of false information disclosure in the way of profit inflation, related transactions and so on. In the last part, the author raises two interacted recommendations on protection of small and medium-sized investors from the experience of mature markets. One is to intensify the internal corporate governance of listed companies. And the other is to make full use of the external supervision and monitoring system. These two methods will ensure better quality of the disclosure of accounting information.