Research On The Impact Of Mixed Ownership Reform Of State-owned Enterprises On The Quality Of Accounting Information And Countermeasures

In China,mixed ownership reform is a key element of SOE reform.However,in the process of reform,state-owned enterprises lacked motivation.Private enterprises fear that their interests will be compromised and lack motivation as a result.In the new phase of SOE reform,government departments attach great importance to the issue of information disclosure quality,because the improvement of accounting information quality is conducive to improving investment efficiency and reducing financing costs.Therefore,it becomes a worthwhile topic to study the economic consequences of SOE reform from the perspective of accounting information quality for both governments and SOEs,and what measures should be taken in order to obtain better reform results.First,this paper introduces the development of mixed ownership reform of state-owned enterprises and the connotation of accounting information quality,and discusses the theory of property rights,principal-agent theory and information asymmetry theory.Hypotheses are formulated on the relationship between mixed ownership reform and accounting information quality of state-owned enterprises.Then,the authors use the data of state-owned listed companies from 2008-2019 as the research sample for empirical testing.The results of the study show that non-state shareholders can significantly improve the quality of accounting information of SOEs through both shareholding and appointed directors.And the above findings are made more convincing by means of robustness testing.In addition,the paper consists of group regression and comparative analysis based on internal and external governance levels.Based on a large sample of empirical studies,this paper compares the changes in shareholding structure,board structure,external governance,and accounting information quality before and after the mixed ownership reform with the specific case of China Unicom’s mixed reform,and analyzes the paths of action.Finally,based on the results of the empirical study and the case study,countermeasures are suggested from three aspects.This paper adds to the research on mixed ownership reform and accounting information quality of state-owned enterprises.The results of the study provide a reference for the government and SOEs to develop policies.Figure 12 Table 15 Reference 90...