Research On Evaluation Of Corporate Disclosure Quality

With the continuous development of China’s economy, stock market listed companies in China has become an important channel to raise funds and securities investment become a major public investment. With the constantly increasing number of listed companies, investors need information to make investment decisions is also increasing, a good quality of accounting information disclosure can enhance the effectiveness of investor decision-making, resource allocation to improve the efficiency of capital markets is the development of capital market an important foundation. Accounting information of listed companies in recent years, the frequent occurrence of fraud, which greatly reduces the information on the capital market investors, the healthy development of capital markets had a significant negative impact. So how to set up listed companies and investors as a bridge between-the disclosure of accounting information quality assessment, is the focus of social and academic, academic research has become a hot topic.This paper aims to design an accounting information quality evaluation index system, and then use the sample design of the index system of the quality of the company’s accounting information related to the evaluation. Firstly, relevant literature on research methods and research findings were reviewed and summarized, respectively, from the quality characteristics of accounting information, accounting information quality metrics and the quality of the SME board three aspects of the disclosure of accounting information to analyze and summarize the literature, formed on accounting information quality evaluation index system of design ideas.Purpose of this study was on the perspective of investor demand to build a suitable evaluation index system of China’s national conditions, from the previous academic research methods, results, get new ideas, new era with the development of new technologies to measure quality of accounting information to establish Index system, and want to set the contents of the index system, find ways to improve the quality of accounting information specific way.This total is divided into six main parts, the first part introduces the research background, purpose, reviews the overall research ideas, some of the innovations of this article and the expected contributions are summarized.The second "part of the literature review is divided into three thematic theoretical theory of literature review, three theoretical topics included in the qualitative characteristics of accounting information, accounting information quality metrics and the quality of accounting information disclosure SME board. First clarify the concept of quality of accounting information and features, and then measure the quality of accounting information disclosure of relevant theoretical literature is summarized, and finally meet the characteristics of the sample studied scholars have come to the SME board the quality of accounting information disclosure conclusion was Summary. Topics in each part of the theory in this paper in addition to the study of foreign literature, the focus on the domestic narrative disclosure of accounting information on research results, and as a part of this evaluation later reference design.The third part describes the quality of accounting information related to the theoretical basis. Disclosure of accounting information and then to the quality of accounting information disclosure of accounting information quality assessment, this paper seeks to disclosure of accounting information theory progressive layers to this paper is to design the disclosure of accounting information quality evaluation, the evaluation system for the design of the back lay the theoretical foundation and application. Theoretical basis for the disclosure of accounting information are the. efficient market theory and the theory of asymmetric information both to explain the principles of disclosure of accounting information, the main focus on the behavior of listed companies disclosure act in principle. Quality of Accounting Information theoretical analysis summarized in addition to the basic concepts, but also the quality of accounting information and accounting differences between the quality of information disclosure were analyzed. Section III summarizes the available reliability, accuracy, timeliness and adequacy of the four aspects of evaluation of the quality of accounting information disclosure.Part IV summarizes the first evaluation of the system at home and abroad can learn from, learn from the evaluation system proposed in this paper based on the disclosure of accounting information quality evaluation index system design principles. Requirements of this subtitle with a sample of listed companies in the SME board summed up the high growth and high risk characteristics, combined with the design principles presented above and the characteristics of SME Board SME Board proposed accounting information disclosure in China should include the contents of the, In which paper argues that the disclosure should include growth, attention to the value of intangible assets of enterprises, attention to company risk and the risk should be estimated and the strengthening of financial information disclosure four aspects.Part V of the SME board is selected as the evaluation of listed companies in Sichuan Province, the sample companies, investors, decision-making level to meet the angle of research, from the reliability, completeness, comparability, relevance and timeliness of the design of five modules the perspective of the SME board in the actual situation in a more comprehensive evaluation. Its most recent annual report disclosed the disclosure of accounting information quality assessment, because this will be the disclosure of accounting information evaluation system has been improved and added some new targets, including increasing demands to expand channels for information disclosure of listed companies and the importance of status and future development of financial projections, so the paper argues that the recognized evaluation system can increase the content of the evaluation.The main contribution of this paper are drawing on existing research results of scholars based on the theory set up a quality evaluation of accounting information disclosure system, accounting information quality assessment from the standard design of 5 targets in 51 specific content.(1) From the disclosure of accounting information is to meet specifications and have applicability point of view, would be in line with specifications and suitability of the quality of accounting information as an evaluation of the two features. Characteristics in line with the specifications set under the reliability, completeness, comparability of the three categories of indicators; is set in the applicability of feature relevance and timeliness of the two evaluation indicators.(2) 5 categories of indicators set between the proportion of different weights. Raised in the reliability of published financial reports of whether the report of the restatement, the content based on previous reliability index is more complete integrity.(3) Also raised in the previous evaluation system of accounting information disclosure issue is ignored, the listed companies can disclose information on the company Web site to expand ways to make information easier for users to intuitively access to useful information on the investment.(4) In this paper, in which their own industry, environmental risks, analyze the situation and on risk prevention, avoidance method for a certain set of circumstances the disclosure requirements of listed companies attach importance to the future development of the company’s business plan and strategic planning.(5) The SME board companies in Sichuan Province as the study sample, the characteristics of the SME board in accordance with its particular set evaluation index.