Research On Accounting Rent-seeking And Anti-rent-seeking

Through analyzing the basic theory of rent-seeking and accounting economic consequences this paper holds that, accounting rent-seeking is based on accounting public-fields and government regulations. Accounting rent-seeking is of three types: rent-seeking in accounting standards establishment, rent seeking in alteration of accounting policies, rent-seeking in accounting industry regulations. Due to different economic systems, the reason which leads to accounting rent-seeking in different countries varies. In some developed countries, such as USA and U.K., accounting rent-seeking roots in accounting information regulations by government, profit focus and internationalization of accounting standards. While in China, the transitional economy, government intervene and the common advantage between individual investor and enterprise management in relation to accounting information disclosure result in accounting rent-seeking finally. Via using anti-rent-seeking theory for reference, accounting anti-rent-seeking in China should proceed with system innovation, hence keep within limits accounting rent seeking behavior radically.