Research On The Selection Of Accounting Policies For Listed Companies Based On Stakeholder Theory

For accounting policy choice behavior,it is not only about the quality of the results provided by the listed companies,but also impact on various stakeholders to make decisions,which affect policy operation of securities market.For listed companies,the choice of accounting policy is the conclusion drawn by various stakeholders,and the balance should be the equity of all the stakeholders.But at the moment,with the rapid development of our country market economy and the expansion of business scope,content variety,makes the choice of accounting policy specification are more variety is rich,the development of the extension of space also unceasingly.Coupled with the difference of economic rights and interests of all stakeholders,the choice of policy have different preferences,which leads to the business enterprise inside controlling shareholders and managers of accounting policy choice has a lot of the decision,so that the rights and interests of other stakeholders are violated,such as: small and medium-sized shareholders and creditors.Through the analysis of the differences of the present situation and the stakeholder theory,it is concluded that by optimizing the behavior of managers and controlling shareholders and the increased security the rights and interests of medium and small shareholders and creditors and other stakeholders,to perfect the accounting policy choice behavior,thus promotes our country listed company and securities market development and operation.This article first expounds the related theory,and define the definition of accounting policy choice and stakeholders,so as to determine the this article main research every stakeholder's choice of policy behavior,including managers,shareholders,government,creditors,securities market,and so on.And then through the analysis of every stakeholder's choice of accounting policy preferences and contradictions,and the influence factors of stakeholders based on accounting policy put forward hypothesis,empirical analysis,the empirical conclusions.Finally,it concludesthat the selection of accounting policies mainly includes the control and decision of the management and controlling shareholders,while the rights and interests of minority shareholders,creditors and other stakeholders are not guaranteed.According to this conclusion,this paper put forward the optimization management staff incentive mechanism and the safeguard of the recommendations to medium and small shareholders and creditors' rights,thus improve the degree of stakeholders participating in accounting policy choice,improve the quality of financial information and optimize the running of our capital market development.