Research On The Effects Of The Accounting Information Transparency On The Resource Allocation Efficiency

Financial fraud cases on the domestic and international capital markets emerge in endlessly, which severely affected the accounting information quality. Accounting information is the main basis that investors make investment choices, from a certain extent determines the investor’s investment direction, affects the efficiency and effect of the allocation of resources, therefore, the discretion of the accounting information quality to a certain extent, affects the allocation of resources. Accounting information transparency, as an important factor affecting the quality of accounting information, efficiency will have indirect influence on the allocation of resources and, therefore, many scholars at home and abroad to the accounting information transparency impact on resource allocation efficiency as an important question for study. In this paper, based on the status of the current capital market and industry development in C hina accounting information transparency effect on the efficiency of resource al ocation.In this article, through normative analysis method and empirical research method of accounting information transparency to study impact on the efficiency of resource allocation issues. First of all, through induction and summary of literature, has been clear about the transparency of accounting information, the concept and measure method of resource allocation efficiency; Summarizes the domestic and foreign scholars research on accounting information transparency economic consequences, and expounds the related theory, these laid a theoretical basis for empirical research part. Secondly, through the empirical analysis on the proposed hypothesis verification and inspection. In the empirical part, from the Angle of the industries and enterprises were analyzed, and the absolute value of modified Jones model regression residuals to measure the accounting information transparency, through the high and low residual error, the accounting information transparency grading, with improved Wugler model to study the effect of the accounting information transparency on the resource allocation efficiency.The results of this article is the higher the transparency of accounting information, the resource allocation efficiency will be higher. According to the research conclus ion, Suggestions were put forward respectively from the macro and micro Angle, namely from the macroscopic Angle, through the policy and the construction of supervision system to improve the transparency of accounting information; From the view of microcosmic, perfect the enterprise internal structure and improve the quality of the relevant personnel to improve the accounting information transparency, to correctly guide resource configuration, improve the efficiency of resource allocation.