Research On The Factors Influencing The Quality Of Accounting Information Disclosure Of Biological Assets Of Listing Corporation

In capital markets,listed companies to disclose information to investors and the company to conduct a comprehensive community public information communication bridge.And a complete,timely,factual and accurate information disclosure can not only help investors and the public to reduce the risk of future investments and make investment decisions in their favor,but also to promote the healthy development of listed companies,improve the operating efficiency of capital markets.Biological assets is an important part of biological assets related to business,and as the complexity of its own particularity and accounting,so how scientific,reasonable and proper accounting and disclosure of biological assets to become a problem.With our proposed guidelines CAS5 biological assets,so that our level of disclosure in the past on biological assets is not high,the lower the level of quality of information disclosure situation has improved to some extent,but with the international guidelines for biological assets IAS41 there are still some gaps.Most listed companies involved in biological assets still exist disclosure is not standardized,incomplete,comparable disclosure,poor systemic problems.Based on this background,this study attempts to analyze the biological assets of listed companies to disclose information about the status quo and further study the impact of biological assets disclosure.In this paper,2007-2013 Shenzhen and Shanghai all companies involved in biological assets as a research object,to disclose the status of its biological asset information through descriptive statistics reveal the status of biological assets,information disclosure and the various problems that exist in the disclosure process(such as the disclosure of risk countermeasures biological assets is not sufficient,a biological asset classification is not accurate),so that people involved in the biological assets of the company's financial accounting standards and the implementation of the use and effects of the status of implementation have an objective and rational knowledge and understanding.Furthermore,the article descriptive statistics,correlation analysis,multiple regression analysis and robustness tests from the company's financial condition,corporate governance and institutional context and listing.Focuses on the biological factors affect asset information disclosure of listed companies,and made substantive comments and measures based on the findings.The results show that the size of the listed company biological assets,debt levels,the number of executive compensation for listed companies market area index and senior political and biological assets related quality of information disclosure significant positive correlation between ROE ROE(ROE),CEO and chairman of the two posts in one case(DUAL),the largest shareholder stake(OWN),the independent directors of the background knowledge(INP)and listed company information disclosure quality biological assets not related,and the control variables,a listed company's industry(ZWR)and biological assets is positively correlated information disclosure.After robustness tests,study did not change the basic conclusion.Finally,the article summarizes the main findings,and on this basis,the company made a sound biological assets listed information disclosure system,strengthen the supervision of information disclosure of listed companies biological assets,and strengthen corporate governance and build scientific information disclosure of listed companies biological asset quality evaluation system,and policy recommendations.