Research On The Influence Of Corporate Governance On Accounting Information Disclosure Quality Of State-owned Listed Companies

The amount of companies where in the capital market of our country has been on the rise continuously.The securities market is changing dramatically.The country has successively announced relevant policies and papers for the sake of further facilitating advancement of the stock market.However,many problems also continue to emerge,including the disclosure of accounting information violations when the amount of quoted companies are increasing gradually.Of course,an influential factor that has a significant impact on the quality of accounting disclosure is corporate governance.It is easy to artificially manipulate financial accounting activities and falsely disclose accounting information if the adverse accounting information is detrimental for listed companies when there are corporate governance troubles.In order to make China’s securities market more standardized,what counts is to promote corporate governance structure and institution establishment preferably.Setting up a series of efficient corporate governance mechanism to form accurate and complete accounting information should be the first priority.Shanghai and Shenzhen securities markets are the primary source of the study samples up to now and researchers give priority to empirical analysis.However,the majority of research subjects are all listed companies.Scholars seldom research listed companies whose dominant stockholder are state or government in China.However,they have a lot of characteristics compared with others.Therefore,related issues of listed companies whose dominant stockholder are state or government in China will be discussed by means of a concrete corporation.The study background,sense of research,substance of the study and research technique are elaborated in the first place.Literatures about relevant topics domestic and overseas are generalized as well.Secondly,the following concepts are defined : corporate governance,accounting information disclosure quality and listed companies whose dominant stockholder are state or government.Then theoretical basis which are related to corporate governance are expounded.Thirdly,the present condition about the quality of accounting information disclosure and corporate governance of listed companies whose dominant stockholder are state or government are presented.Fourthly,to conduct case study of Fushun Special Steel.At the beginning,the industry background and general situation of the company are presented.Simultaneously,it concludes the whole illegal disclosure affair.In addition,all kinds of issues of Fushun Special Steel’ accounting information disclosure are analyzed.Then the reasons of Fushun Special Steel’s illegal disclosure of accounting information are illustrated.Last but not least,corresponding recommendations are proposed.On the one hand,from the view of internal governance structure,the ownership structure ought to be balanced,the institutions of the general meeting of shareholders and board of directors should be perfected,the mechanisms of the supervisory board and nomination of senior executives are supposed to be improved.On the other hand,from the view of external governance mechanisms,the mechanisms of market and laws need to be enhanced.Meanwhile,government oversight and external auditing oversight should take effect.The quality of accounting information disclosure could be enhanced by taking these approaches and the company can be pushed forward in the direction of stable development.