公司治理的会计信息披露及管制

会计信息披露通过缓解管理层与投资者之间的信息不对称,从而达到抑制管理层机会主义行为的目的,因而在公司治理机制中发挥着基础性作用。由于存在契约成本、信息成本以及第三方审计失灵等问题,市场不可能自动实现会计信息披露的均衡,政府管制成为保障会计信息披露质量的必要手段。在我国社会主义市场经济条件下,借鉴国际经验,健全以公司治理为导向的会计信息披露政府管制体系,对于保证会计信息质量、完善公司治理机制、提高资本市场效率都有十分重要的作用。

Accounting Information Disclosure Based on Corporate Governance and Regulation

Accounting information disclosure is critical for the functioning of the corporate governance mechanism in that it mitigates information asymmetry between management and investors to lessen the opportunism actions of the management.On the base of this,accounting information disclosure equilibrium is understood as the quality equilibrium of that.Due to contract cost,information cost,and the third party auditing failure,voluntary disclosure cannot be expected to resulting in the equilibrium.Government regulation is necessary for accounting information disclosure.In China,it is important to complete the government regulation system of accounting information disclosure on the basis of the experience across the countries for the accounting information quality,corporate governance mechanism,and capital market efficiency.