Research On Accounting Policy Choice Under Stakeholder Theory

In corporate governance,accounting policy choices as a way to disclosure of information plays an important role in the accounting policy choice,which is not simply a technical specification,different accounting policy choice will produce different accounting information,thus affecting the different stakeholders make decisions.Accounting policy choices can not achieve absolute neutrality and can not be achieved absolutely true and reliable accounting information.Therefore,to achieve their political interests or economic interests,stakeholders often prefer different accounting policies in different ways,thus affecting the choice of accounting policies.Firstly,the article systematically expound the definition of accounting policy choice,uncertainty,the economic consequences and the current situation of our accounting policy choices.Then study deeply stakeholder theory,around the need for accounting information from different stakeholders.And five stakeholders-management,shareholders,creditors,government and employees-are selected to analyze their preference and influence on accounting policy choices.Based on the Shanghai and Shenzhen two city from 2014 to 2018 in China A-share market listed 2414 companies as the research sample for empirical analysis,this paper draws the following conclusions:(1)The management has a great influence on the choice of accounting policy.As the salary and achievements of the management are directly linked to the management performance of the company,managers often choose accounting policies that can increase current profits to change performance assessment indicators in order to obtain higher indicators and bonuses.(2)Shareholders have a great influence on the choice of accounting policy.If the stock concentration ratio is high,it will lead to the decline of the ability of mutual supervision and mutual restriction among shareholders,thus reducing the quality of enterprise accounting policy choices.(3)Creditors have a great influence on the choice of accounting policy.If companies maintain and improve their financing ability,they need to keep their solvency at a normal range or even to a strong level,and they may use accounting policies to manipulate accounting data to obtain a higher financing amount.(4)The government has little influence on the choice of accounting policy.In this paper,corporate income tax payment is selected as the indicator to measure the government's influence on accounting policy choices.In recent years,China has implemented many preferential policies for high-tech industries and enterprises in western regions,and state-owned holding enterprises account for a high proportion.Therefore,the government has little influence on accounting policy choices in terms of tax payment.(5)The choice of accounting policy is also influenced by employees.The long-term development of companies depends on employees.A higher level of wages and profits can improve the trust of employees,work ability,and the company's credit evaluation,so as to promote the long-term development of companies in the future.In view of the above conclusions,this paper puts forward the suggestions of stakeholder participation in accounting policy selection and joint governance.Hope to enhance the transparency of accounting information,as far as possible to avoid the occurrence of enterprise information asymmetry phenomenon,so as to make the listed company accounting policy choices more scientific and effective.