Definition And Protection Of The Property Rights Of Listed Companies' Accounting Information

In recent years, many financial scandals took place in listed companies in the country, which damages the lawful rights and benefits of the users of accounting information. The users had no compensation because of the unclear definition of property rights and lack of corresponding protection system, which aggravated the accounting information distortion. Therefore, it's extremely important to define rights and obligations during the process of accounting information's supplying and demanding.Based on the principle of asymmetric information, the paper discussed the definition and protection of the property rights of listed companies' accounting information, with the method of positive analysis and questionnaire analysis. Firstly, the distorted accounting information always arose a great deal of externality. The accounting information' users suffered a lot because of the unclear definition of property rights of accounting information, so it's necessary to definite it. Secondly, based on the clear definition, it's important to establish corresponding protection system, which aims at solving conflict of interest. Thirdly, the author expresses suspicion to the point of view that merchandising accounting information can protect the property rights of accounting information. Finally, according to the research, the author suggests that protect the property rights of accounting information should aim at the negative externalities of accounting information and establish better external system.