Research On Information Disclosure Of Biological Assets Of Listed Companies

As the basic industry of the national economy,agriculture,forestry and animal husbandry plays a very important role in the economic development and construction of our country.Since the reform and opening up for more than thirty years,it has made remarkable progress.At present,there are more than 100 listed companies in our country involving agriculture,forestry and animal husbandry,of which there are more than 40 main business.Biological assets,as a very important part of assets in agriculture,forestry,animal husbandry and fishery enterprises,are the main means of production for their production and business activities.Biological assets refer to the life cycle of animals and plants,that is to say,plants and animals need to experience growth,development,reproduction and decline.The special nature of biological assets makes the accounting operation more special and complex,and only after the accounting confirmation and measurement of the biological assets can unfold the corresponding disclosure work.Therefore,how to disclose the information of biological assets correctly,scientifically and reasonably becomes one.A huge problem.This paper will take this idea as a breakthrough point to study the information disclosure of biological assets of Listed Companies in agriculture,forestry,animal husbandry and fishery.In this paper,the listed companies of agriculture,forestry,animal husbandry and fishery are selected as the research object,using the analytic hierarchy process(AHP)to establish the evaluation model,to evaluate the quality of the information disclosure of the biological assets of the listed companies of agriculture,forestry and animal husbandry,and to reveal the problems of the Sample Firms in the information disclosure of the biological assets,and use the panel data model to use the EViews8..0 the factors that may affect the quality of the information disclosure of the listed companies’ biological assets are analyzed,and the correlation of the factors is obtained.Finally,some suggestions for improving the research conclusions are put forward.The specific content is divided into the following six parts:The first chapter,on the basis of the introduction of the industry background,biological assets and their characteristics,reviews the domestic and foreign literature from three aspects,such as the study of accounting standards related to biological assets,the related research on biological assets,and the related research on accounting information disclosure.The second chapter,based on the definition of information disclosure concept and its quality requirements,expounds a series of theories related to information disclosure: effective market theory,information asymmetry theory,principal-agent theory,stakeholder theory,game theory and so on.The third chapter,by using the analytic hierarchy process(AHP),from three dimensions of the integrity,authenticity and timeliness of the information disclosure of biological assets,the quality evaluation system of the information disclosure of biological assets is set up,and the evaluation model is set up,and 36 listed companies of agriculture,forestry,animal husbandry and fishery from 2010 to 2016 are selected from the integrity,authenticity and timeliness.The three aspects respectively carry on the evaluation and analysis of the information disclosure of biological assets,and then proceed from the three aspects to carry on the comparison and comprehensive analysis,and draw the corresponding conclusions for the analysis.Among them,the results of the comprehensive quality analysis are mainly used to calculate the explanatory variables in the fourth chapters.The fourth chapter,based on the previous research on the influencing factors of accounting information disclosure,puts forward the factors that may affect the quality of the information disclosure of biological assets,and forms the corresponding hypothesis,and continues to use the Sample Firms selected in the third chapters to obtain the required explanatory variables in the annual report,and the explanatory variables are based on the comprehensive quality of the third chapters.By using the panel data model and using EViews8.0 to make an empirical analysis of these factors,including descriptive statistics,multiple collinearity test,regression model construction,regression model analysis and so on,the correlation of various factors is obtained:(1)the scale of the company,the profitability,the proportion of independent directors and the biological assets letter.The level of interest disclosure has a significant positive correlation level;(2)the proportion of biological assets,ownership concentration,the proportion of managerial ownership and the level of information disclosure of biological assets;(3)the relationship between the financial leverage and the development ability of the company is not related to the level of information disclosure of biological assets.The fifth chapter,based on the above research results,put forward relevant suggestions from the three dimensions of standards formulation,internal governance and external supervision,in order to achieve the purpose of improving the quality of information disclosure of the biological assets of the listed companies of agriculture,forestry and animal husbandry.The sixth chapter,first is a comprehensive arrangement of the conclusions drawn from each chapter,and some problems that can not be carried out in depth due to the limited time and space,which need to be paid more attention in the future research.