The Correlation Analysis Between Relational Transaction And Accounting Information Quality

Securities market continuous on improvement and perfection since inception thirty year ago in China,insist on protect investors by "three" principle,and continue to strengthen the supervision of the securities market.Securities market regulation is an indispensable part of the system macro supervision in our country,and information disclosure system as one of the important contents has become more perfect and mature on protect the public investors.A stranger transactions relationship between enterprise and supplier / customer is a necessary way to the development of enterprises,so analysis the consequence of corporate transaction information disclosure can response to securities market regulation policy,and make a actual advise according to implementation results.Information disclosure is the main means of maintaining the market order by the national securities regulatory agencies,but also as an important way for listed companies to reduce the information asymmetry.The listed company has the absolute advantage of the business,according to the information asymmetry theory,one can benefit from more information through transmission important information to the poor one,which has a chance of concealment or deception;instead,investors in weak position because of its not directly participate in the company management and do not understand the internal information,so they can only passively through the information disclosure of listed companies to evaluate the corporate value.Based on the information disclosure system on top5 transaction disclosure by Commission,the article research the effect on quality of accounting information by top5 supplier / customer transaction proportion and voluntary disclosure of top5 supplier / customer name.the study idea on the basis of "relational transaction—information voluntary disclosure—accounting information quality ",from the enterprise point,supplier / customer transaction directly affect the corporate cost and profitability structure,and it also can increasing the possibility of earnings manipulation,however if disclosure the top5 transaction name can help external stakeholders or investment focus to understand transaction information,such as discover the hidden related party transactions and control earnings manipulative behavior.Therefore,this paper studies(1)the impact of supplier / customer relationship transactions on the quality of accounting information;(2)in the case of voluntary information disclosure,the impact of supplier / customer accounting on the quality of accounting information.