Research On Voluntary Accounting Information Disclosure Of Listed Company In China

The listed company could finance in the international capital market due to the economic globalization. In this context, it forced the management to disclose more reliable information to attract investor to obtain more capital with the wider capital market they had and furious competition they faced. Simultaneously, the capital market required more high quality information of listed company with the increasing of the quantity and quality of investor. So, the listed company needed to disclose more accounting information voluntarily besides mandated information. Hereon, this paper mainly studied on voluntary accounting information disclosure of listed company, there were two reasons:one was the current research had not distinguished the concept clearly between voluntary information disclosure and voluntary accounting Information disclosure, another was most of the voluntary information disclosure researched from the point of view of management and seldom from accounting aspect. The paper use normative research method. It gave the concept of voluntary accounting information disclosure and then analyzed the main problems and reasons of voluntary accounting information disclosure of listed company in China, and then drew inspiration of the international comparison of voluntary accounting information disclosure of listed company, finally it put forward the countermeasures to perfect voluntary accounting information disclosure of listed company in China. This would help the stakeholders to make scientific decision and promoted the development of capital market healthy and continuously.Combining the research method and conclusion of former literature review and the political, cultural, law background in China, this paper developed its study on the base of principal-contract theory, information asymmetry theory, signal theory and efficiency market theory. The paper had six chapters:Chapter1:introduction. This chapter illustrated the research background and target, literature in China and abroad, content and method, research frame and innovations etc.;Chapter2:the basic theory of voluntary accounting information disclosure of listed company. This chapter illustrated the concept and theoretical base of voluntary accounting information disclosure of listed company;Chapter3:current situation analysis of voluntary accounting information disclosure of listed company in China. The main problems of voluntary accounting information disclosure of listed company in China were:the desire of voluntary accounting information disclosure is weaker, the items of voluntary accounting information disclosure is single, voluntary accounting information disclosure of listed company is not in time, arbitrary of voluntary accounting information disclosure is stronger and reliability of voluntary accounting information disclosure of listed company is not high. The reasons of these occurring problems were:the regulations and system related to voluntary accounting information disclosure of listed company.were not sound, corporate governance structure and mechanism of listed company needed to be consummated, the listed company traded off the benefits and costs of voluntary accounting information disclosure, the stakeholders did not have high requirement of voluntary accounting information etc.;Chapter4:the international comparison of voluntary accounting information disclosure of listed company. This chapter compared the regulation and content of voluntary accounting information disclosure of listed company including the United States, Japan, Britain, etc..So as to provide the reference for China’s voluntary accounting information disclosure regulation;Chapter5:the countermeasures of perfecting voluntary accounting information disclosure of listed company in China. the paper put forward the countermeasures to ameliorate the voluntary accounting information disclosure of listed company in China, such as Bring out 《guidance of voluntary accounting information disclosure of listed company》 as soon as possible, Enforce construction of legislative assurance system of voluntary accounting information disclosure, Perfect the system of voluntary accounting information disclosure of listed company, Intensify listed company’s internal and external governance Mechanism, Increase capacity of capital market to perfect market competition system, Emphasize investor education to promote the awareness of voluntary disclosure of listed company, Structure authoritative quality evaluation system of listed company’s information disclosure, Adjust government regulation policy and reinforce government supervision and Introduce third party reinforcement mechanism, such as auditing and law etc.Chapter6:conclusion and disadvantage of the research.