Research On The Correlation Between The Quality Of Accounting Information Disclosure And Corporate Performance Of Agricultural Listed Companies

For a long time,the quality of accounting information disclosure of listed companies has been the concern of the securities regulatory authorit ies,public investors and other information users.It will have a significant impact on the efficiency of the securities market,the protection of investors' interests and so on.In recent years,accounting information disclosure of agricultural listed companies is not standardized,information disclosure violations occur constantly,disrupting the normal order of the securities market,but also dampen the enthusiasm of investors.In this case,how to through a market mechanism and means,reasonable guide to agricultural informat ion disclosure of listed company accounting information,increase effective supply of securities market,improve the quality of accounting information disclosure,so as to improve the performance of the company,to become the capital market sustainable development the only way which must be passed in China.The quality of accounting information disclosure of the research from four aspects of t imeliness,accuracy,completeness and validity of the agricultural listed companies to measure,choose the earnings per share,return on net assets,inventory turnover and Tobin-Q value to evaluate the company's performance.Because agricultural listed are significantly affected by natural disasters,and biological assets as the most important asset of agricultural listed,this study will be used as an important variable to analyze the relat ionship.This study analyzes the current situation and existing problems of the quality of accounting information disclosure and corporate performance of agricultural listed.Based on the efficient market hypothesis theory,principal-agent theory,stakeholder theory and signaling theory,selected37 agricultural listed in 2011-2015 as the sample data,using descriptive statistical analysis and Pearson correlation analysis,according to biological assets accounted for the proportion of total assets classification,selection of accounting information quality rating earnings per share,stock turnover ratio,Tobin-Q value and rate of return on net assets as variable,preferential tax rate,company size and asset liability ratio as control variables,a regression model is established using the method of linear regression analysis to explore the interaction between agriculture and the quality of accounting information disclosure and corporate performance.At last,make robustness test.Draw the following conclusions:(1)There has been a interaction relationship : the higher quality of accounting information disclosure,the higher company performance;the firm performance is higher,the higher quality of accounting information disclosure of biological assets;(2)The higher proportion of total assets of the company,the higher quality of accounting information disclosure,the higher the performance of the company also.Based on the conclusions of this study and combined with the reality of accounting information disclosure of our country,puts forward some countermeasures and suggestions: one is to improve the system of accounting information disclosure of listed companies;the other is the establishment of the quality unif ied evaluat ion system of accounting information disclosure reasonable;in the third is the correct understanding of the relationship between the quality of accounting information disclosure and corporate performance;fourthly,to establish perfect the information disclosure supervision system.