A Study On The Impact Of Financial And Livelihood Response On The Level Of Local Government Accounting Information Disclosure

Under the background of the reform of government accounting in China,the disclosure of government accounting information,which is an important part of the theoretical system of government accounting,has become a key issue in the research of government accounting.In recent years,with the increasing awareness of democracy and participation in politics,the public have more and more demands on people’s livelihood.At the same time,in order to promote the transformation of government functions from management-oriented to service-oriented,local governments at all levels are paying more and more attention to people’s livelihood issues and responding positively to improve people’s livelihood public services.Both the passive response of the Local Government Finance to public demand and the active response of the public function can promote the government to reflect all the responsibilities it has taken on,and then strengthen the willingness of the local government to disclose the relevant accounting information,promote the level of government accounting information disclosure to improve continuously.For the government,responding to the people’s livelihood is not only a positive expression of good governance,but also in accelerating the transformation of the government has made outstanding contributions.Therefore,this paper studies the role of the government’s livelihood response to the level of local government accounting information disclosure through theoretical analysis and empirical analysis.In the aspect of theoretical analysis,through reviewing the domestic and foreign research literature,this paper combs the content,current situation and channels of the financial response to people’s livelihood,as well as the content,significance and influencing factors of the level of accounting information disclosure of local governments,and the use of principal-agent theory,signal transmission theory,New Public Management Theory and rent-seeking theory of the relationship between the two theoretical analysis.In the empirical analysis,this paper analyzed and processed1100 research samples from 220 Chinese municipal governments from 2013 to 2017,through descriptive statistics,correlation analysis,multiple regression analysis,further analysis and robustness test,this paper studies the impact and mechanism of financial livelihood response on local government accounting information disclosure.Specifically,this paper studies the impact of people’s livelihood response on the level of local government accounting information disclosure from the perspectives of education,health care,social security and employment.The results show that the financial education response promotes the level of accounting information disclosure of local governments,and the financial medical response promotes the level of accounting information disclosure of local governments,financial Social Security and employment response can promote the level of local government accounting information disclosure.On this basis,it is further found that the fiscal livelihood responses in coastal areas and inland areas contribute to different levels of accounting information disclosure by local governments,fiscal Education response and Fiscal Health response are more significant in the coastal areas,and Fiscal Social Security and employment response are more significant in the inland areas.Finally,based on the results of the empirical analysis,this paper gives some suggestions on the government’s response in the fields of education,health care,social security and employment.We should constantly optimize the structure of financial expenditure on education,push forward the reform of the health care system,improve the social security and employment system,continue to improve people’s livelihood,and strengthen the financial response.This will not only enhance the effectiveness of government’s public governance,at the same time,it is helpful for the government to improve the level of accounting information disclosure.The innovation of this paper: Using the method of Empirical Research,this paper studies the response of Public Finance to people’s livelihood and the level of disclosure of government accounting information,and from the three livelihood issues of high concern: Education 、 Health care 、 Social Security and Employment.respectively,this paper studies their impact on the level of disclosure of governmentaccounting information disclosure,and provides a new idea for improving the level of government accounting information disclosure in China.