The Research Of The Influence Of China's Listed Companies' Corporate Governance On Accounting Information Transparency

The understanding of the quality of accounting information is a slowly furthering practical process. With the development of the society, new problems and situations appear constantly, and people find it increasingly difficult to generalize the requirements of the high-quality accounting information just based on the. existing accounting information features, which requires a more comprehensive concept to describe the accounting information quality. Because of what has been mentioned, the accounting information transparency comes into being.Recently, a comprehensive and deep study has been applied to the listed companies, but as to the study of its influence on the accounting information quality, the study only refers to accounting information distortions, accounting information disclosure and so on, but it still doesn't rise to the height of comprehensive concept accounting information transparency. Though some papers refer to this concept, they just put it "insider control", which is somewhat simple and partial. So this paper tries to approach this issue in a fresh way to review the influence of the corporate governance on the accounting information transparency and to uncover its operating mechanism so as to take effective measures to highlight the accounting information transparency and also to deepen and enlarge such related studies. In writing, this paper at first concerns about two concepts: the firm corporate governance and accounting information transparency, pointing out that the corporate governance is a system which regulates and balances the relationship among the interest-related parties. Accounting information transparency as a relative concept should include the cost-efficiency as well as the demand of various users. Secondly, this paper analyzes the corporate governance and the current situation of the accounting information transparency, showing that there are lots of deficiencies existing in the firms' corporate governance, and the listed companies have a low accounting information transparency. Thirdly, based on the cost-benefit analysis, this paper, from the point of accounting information providers and users, explores the influence of listed companies' corporate governance on the marginal revenue and marginal cost of the mutual accounting information, thus revealing the influencing system of the listed companies' management's impact on the accounting information transparency. By the analysis, the paper points out, with the same accounting information transparency, the problems lying in the listed companies reduce the marginal cost and increase the marginal revenue of the information providers, and cut the marginal revenue of the information users, which thus at last results in the widening difference in the transparency demand, this to say the accounting information transparency of our countries' listed companies is lowed. Finally, this paper, based on our countries' practice, puts forward several practical solutions as to the perfection of the listed companies and the improvement of the companies' accounting information transparency.