| Developed foreign stock markets showed their historical experience: high-quality accounting information is the inherent security of effective operation of the securities markets for that it can effectively alleviate the information asymmetry and provide basis for stakeholders to make decisions. Ultimately it can lead to optimal distribution of resources. With the continuous development of market economy, the stock market of China has been developing rapidly. The accounting information plays an important role in the development of the stock market and the effective operation of listed companies. Then the demand of high-quality accounting information has been more and more strong. However, as a special kind of merchandise, the accounting information, which are difficult to overcome the inherent shortcomings needs the regulation from government.In this paper, we make research on the measures of the government regulation on the accounting information of the listed companies in China. We discuss the theory, meaning, content and methods of the government regulation on accounting information, then based on the introduction of the institutional environment, we study its effect on the government regulation on accounting information. The empirical results show that: with the continuous development and improvement of the accounting standards system, the quality of accounting information of listed companies has been improved, and the effect of government regulation on accounting information has been gradually enhanced. It also shows that different institutional arrangements will make different effect on the quality of accounting information, then make effect on the government regulation on accounting information. Therefore, we advise that: the government should set up a high-quality accounting standards system as well as a sound system of internal and external governance of listed companies to ensure that the production and disclosure of the high-quality accounting information. |
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