Quality Research On Voluntary Accounting Information Disclosure Of Listed Company

Voluntary disclosure of accounting information of listed company means that based on the company’s image, investor relations and other motives, according to their willingness to initiatively disclosure to the relevant organizations and public of the accounting information which is different from the mandatory accounting information’s supplementary, explanatory and predictive information. Voluntary disclosure of accounting information is in order to gain.They tend to disclose favorable accounting information, but hide unfavorable accounting information,which caused a corporate voluntary disclosure of accounting information "only the good news that there are no bad" for the situation. In addition, the large enterprises which have strength are more inclined to voluntary disclosure of accounting information,but some small enterprises due to the income of disclosure can not compensate for the cost of disclosure.Most of the voluntary disclosure of accounting information is not optimistic,so the willingness of small businesses voluntary disclosure of accounting information is more weak.They sometimes even disclosure false accounting information, which seriously affecting the orderly development of financial markets.Therefore, the listed company’s voluntary disclosure of accounting information quality research is necessary. In the research process, selected listed company from chemical and chemical fiber industry of the Shanghai and Shenzhen in2010as a research sample, combining theoretical analysis and empirical research methods to find the factors which influence the quality of voluntary accounting disclose.Agency theory, information asymmetry and signal transmission theory as the theoretical basis of the paper、reference for Chinese and foreign literature、combined with the actual situation in our country, select a set of evaluation a voluntary disclosure degree of index. The selection of independent variables is from the external supervision, corporate governance, corporation financial and other characteristics. Do an empirical test about the factors which influence the quality of voluntary accounting information disclosure by using multiple linear regression models.Research found that profitability ability, operation ability, development ability and debt paying ability have significant influence on voluntary disclosure; Financial four index is essential to the survival and development of the company. The rise of its related ability will improve the quality of the company’s voluntary accounting information disclosure; Directors proportion of diligence and audit unit of for top ten accounting firm also have significant influence on voluntary disclosure; only the independent directors of board of directors have no significant effect to voluntary disclosure quality.Finally, using the regression analysis results, and in combination with the specific situation of the securities market, from the strengthen external supervision mechanism, improve the corporate governance of listed company mechanism, enhancing investors quality, perfect the wildcat modifying of accounting information disclosure and the safeguard mechanism of these aspects put forward basic countermeasures and related Suggestions to perfect our country’s of accounting information disclosure in order to let investors and stakeholders do the scientific decision and make the capital market resources effectively configuration.