Research On The Quality Of Accounting Information Disclosure Of Listed Companies On Science And Innovation Board ——Take Rongbai Technology As An Example

As the "pilot field" of China’s registration system reform,the science and Innovation Board was successfully established in 2019,marking the formal implementation of China’s registration system reform.In order to highlight the importance of information disclosure in the registration system,the government has constantly held meetings to emphasize that information disclosure is at the core of the pilot registration system of the science and innovation board,and included the "comprehensive issuance registration system with information disclosure as the core" in the outline of the 14 th five year plan.However,due to the unique "science and innovation attribute" of the science and innovation board,the focus of investors is slightly different from that of Listed Companies in other sectors,which requires the science and innovation board to appropriately adjust the information disclosure content according to its sector characteristics.To this end,the CSRC and the Shanghai Stock Exchange have issued a series of information disclosure rules and regulations for the science and innovation board,forming a differentiated accounting information disclosure system for the science and innovation board,which reflects significant differences with other sectors in terms of information disclosure audit requirements and information disclosure contents.How to improve the level of accounting information disclosure on the science and innovation board has become a major problem under the background of vigorously implementing the registration system of "information disclosure as the core".Based on the above background,this paper combs the literature related to the information disclosure of the science and innovation board,summarizes the characteristics of the current information disclosure system of the science and innovation board in combination with the characteristics of high R＆D intensity,high risk and good growth of the listed companies on the science and innovation board,and summarizes the current accounting information disclosure problems of the science and innovation board from four aspects in combination with the violations of 25 information Phi listed companies on the science and innovation board from July 22,2019 to December 31,2021.On this basis,this paper selects Rongbai technology as the research object.Based on the information asymmetry theory,signal transmission theory and impression management theory,this paper deeply analyzes the problems existing in its accounting information disclosure,the causes of information disclosure violations and the impact of violations on the company.Through the research,it is found that Rongbai technology has violations such as insufficient risk prompt of accounts receivable and non-standard way of major information disclosure,both of which will have an adverse impact on the company’s stock price,profitability and financing level.However,when the company is in the period of rising performance,the negative impact of non-standard way of information disclosure on the company is not obvious.Finally,combined with the analysis content,this paper puts forward countermeasures to improve the quality of accounting information disclosure of listed companies on the science and innovation board from the enterprise level and the national level.The innovation of this paper lies in: comprehensively and systematically analyze and summarize the problems,causes and consequences of accounting information disclosure of science and Innovation Board companies from the level of science and innovation board,and put forward policy suggestions on how to improve the quality of accounting information disclosure of science and innovation board listed companies.This perspective is relatively novel.In addition,this paper analyzes the quality of accounting information disclosure combined with specific case companies,which can provide reference for other listed companies on the science and innovation board to improve the quality of accounting information disclosure.