An Research On Motivation Of Accounting Policy Choices Of Chinese Listed Companies

Since reform and opening up, Chinese stock market has developed rapidly, playing an increasingly important role in Chinese economics. Disclosure of accounting information of listed companies plays a vital role in the healthy development of capital market, and accounting policy choices are the core elements of the accounting information. At the same time, accounting policy choices also have enormous impact on the prosperity and development of listed companies. However, there are a lot of problems while the rapid development of Chinese stock market . Among of them, one of the outstanding problems is distortion and inadequate disclosure of the accounting information. So, it is necessary to improve the quality of accounting information for the healthy development of the stock market, and improving quality of accounting policy choices are the foundation of improving quality of accounting information. Normlizing the behavior of accounting policy choices of listed company's is important and indispensable means of suppression of false accounting.In China, the accounting policy choices become inevitable for companies with construction of the socialist market economic system. Learning from Chinese and foreign research results, this paper introduces the theoretical basis for accounting policy choices, analyzes the efficiency and opportunistic motives of the accounting policy choices from the point of view of contract costs, discusses the cause and specific motives of opportunistic choices of accounting policy of Chinese listed companies deeply, and does an empirical research on selecting motivation of accounting policy. Finally, this article proposes reasonable policy measures and recommendations on how to standardize the selection of accounting policy and to avoid opportunistic motives, and promotes the healthy development of Chinese stock market .