Research On Accounting Information Distortion Of Listed Companies Based On Information Asymmetry Theory

With the constant improvement of the capitalist market,more and more companies hope that they can raise funds and related resources by way of public offering.Accounting information become the enterprise to provide important information resources in the external accounting information users.The healthy development of the capitalist market economy is closely connected with the disclosure of accounting information quality.Therefore,improving the quality of accounting information disclosure is the foundation of ensuring healthy development of the capitalist market in China.And through to the CSRC for nearly a decade of accounting information distortion of listed company administrative punishment as you can see the end of the accounting information disclosure of listed companies is not optimistic in China.First of all,this paper uses the method of literature summarization to summarize and analyze the relevant literatures of accounting information distortion,and fully understand the development trend and profile of accounting information distortion at home and abroad.Secondly,the theory of information asymmetry and accounting information distortion are summarized,and the relationship between information asymmetry and accounting information distortion is pointed out.Then,through the method of statistical analysis,the status quo of accounting information distortion of listed companies in recent ten years is summarized in China,and the game model of stakeholder is established according to the game theory.The reason of accounting information distortion caused by information asymmetry is analyzed.Then,based on the accounting information distortion of Liancheng Orchid Co,Ltd.,this paper analyzes the causes of the accounting information distortion from the perspective of information asymmetry,which verifies the correctness of the above theoretical analysis.Finally,on the basis of theoretical analysis and case analysis,some suggestions are put forward to prevent and avoid the distortion of accounting information from two aspects:perfecting information transmission and strengthening information screening.