Research On Illegal Disclosure Of Accounting Information In Zangge Mining Company Limited

Illegal disclosure of accounting information is one of the most common violations of listed companies,and it is also a difficulty in the supervision of China’s capital market.The quality of information disclosure of listed companies directly affects the transparency,fairness,stability and pricing efficiency of the capital market,as well as the long-term health of China’s capital market construction.Therefore,whether from the protection of investors’ interests,the construction of financing channels,or the development of macro real economy,it is necessary to strengthen the standardization of information disclosure behavior of listed companies,so as to weaken the information asymmetry in the capital market and improve the market pricing efficiency and fairness mechanism.Using the methods of literature research and case analysis,this study makes an in-depth analysis on the process,manifestation,event consequences and internal and external causes of accounting information disclosure violations of Zangger mining,connects the case characteristics with the overall market situation,obtains the Enlightenment of the case,and gives medium and long-term management suggestions.Through the research,it is found that under the influence of comprehensive factors such as the pressure of whitewashing performance,the need for capital occupation,the failure of internal governance,the funds of actual controllers,the superposition of weak external supervision,low violation cost and the impact of market risk,the illegal behavior of information disclosure of Zanger mining is related to the shareholders’ occupation of funds of listed companies,hollowing out assets of listed companies Financial fraud and other violations are accompanied by certain behavioral inertia and infectivity,and this phenomenon is also common in the A-share market.Therefore,in the long run,it is necessary for regulators to make full use of the relationship between information disclosure violations and other violations,carry out penetration supervision,improve the early warning mechanism,strengthen punishment and refine punishment measures,and pay attention to the construction of external institutions and multi-party supervision system.In addition,we will continue to pay attention to market education,improve corporate governance,strengthen the responsibility education of key subjects of directors and supervisors,guide market investors to pay attention to risk management and value investment,create an atmosphere of awe,and force listed companies to pay attention to the compliance disclosure of information.