Evaluation Study On The Quality Of Accounting Earnings Information In The Chinese Listed Company

The quality of accounting earnings information of Chinese listed companies is the vital evidence to the investors to make investment decision. Accounting earnings information manifests the production operation ability, the asset management level, market competition ability as well as capital operation ability. The investors can catch business public reports earnings which is always lower transparency, thus the investors cannot"insight into"the quality of accounting earnings information through corporations'finance reports and would not make an enough and stable estimate to the market value of the enterprises. Regarding the contract perspective, these windbags mainly cause of asymmetrical information between authorities and investors, but the relationship both agency and information asymmetry is close. Therefore there is a considerable economic effect by analyzing accounting information earnings. It could guide the investment direction to reduce the asymmetrical information and also enhance the distribution of resources in the capital market.On the basis of reviewing the relevant theories and the method of the quality of accounting earnings information in the domestic and foreign, the paper firstly defines the relevant concepts and characteristics of the quality of accounting earnings information, proposes that the quality of accounting earnings information expresses the creditable degree of information with companies'economical values. Secondly, the paper points out that the quality of accounting earnings information derive from the asymmetrical information between authorities and investors in the area of the contract perspective, offers comprehensive analysis of the main reasons of affecting accounting earnings information. Finally, according to the characteristic of the quality of accounting earnings information, the paper establishes eleven evaluating indicators from the reality, the substantiality, the growthity and the security. Taking steel listed corporations as the sample, the constructed indicators are examined through empirical studies by utilizing factor analytic method, the results of the empirical studies are thoroughly analyzed, aims for promoting the quality of accounting earnings information and providing methods and strategies for investors.