Accounting information of listed companies on the rent-seeking behavior of the preventive measures

 Accounting information of listed companies on the rent-seeking behavior of the preventive measures
Abstract: With the deepening of the socialist market economy, the development of listed companies in the allocation of economic resources play an increasingly important role, and accounting information as the capital market types of financing an important basis for the control of resources has a direct economic consequences, leading to the city rent-seeking activities of the company's accounting intensified, this accounting information of listed companies in the analysis of the major manifestations of rent-seeking behavior on the basis of the accounting information presented to prevent rent-seeking behavior related countermeasures.
Keywords: accounting information of listed companies seeking preventive measures
rent-seeking behavior of accounting information is in the existing accounting controls and financial controls, the listed companies use the advantages of asymmetric information and the economic consequences of accounting information, manipulation of accounting information, to meet the capital market controls, the main stakeholders in order to change the economic decision-making, eventually leading to the transfer of wealth and resources of non-productive behavior of the unreasonable allocation.
I. accounting information of listed companies the main manifestations of rent-seeking behavior
(a) seeking accounting changes. accounting information seeking is the primary means of manipulation of accounting information in order to influence the allocation of resources, and accounting standards may choose to give the enterprise space in the balance and liabilities of the current situation and expected future economic benefits and obligations of change, can the book value of assets or liabilities or assets for the regular consumption of revaluation and adjustment of the amount of power, that is, under certain conditions the right of accounting changes. qualified accountant accounting change is a normal change, but in the context of asymmetric information, corporate accounting change is not known whether this is the real reason. As companies change the accounting for certain period of time will inevitably lead to costs, expenses, income, factors such as changes in profit, and ultimately lead to the redistribution of economic interest, through accounting changes can lead to different results and the wealth of resources to unproductive transfers. Thus, the rent-seeking has a natural change, this article will be that non- In order to obtain the normal rent for the accounting change is defined as Guidelines can choose is limited, the face of the capital markets, Accounting change not by seeking to profit losses in the third year to win, you have to be forced to withdraw from the market while facing away from the capital markets function and the ; this precious Because of this, a series of capital market fraud cases shocking, since the late 90s of last century, have occurred Macat, Lam Tin, Guangxia and other financial fraud cases, especially ; on the impact of China's securities market and the resulting loss is particularly far-reaching and serious injuries by the confidence of investors. financial fraud is to obtain improper benefits for the purpose of fraudulent means to intentionally misrepresent financial information-oriented offense mainly refer to: false or change the accounting information, hide or delete the results of transactions or events, transactions or events falsified the results of the deliberate use of inappropriate accounting policies,UGG boots cheap, or disclosure of false accounting practices or accounting policies and so on. In essence, , financial fraud is still a rent-seeking behavior of accounting information of listed companies, compared to rent-seeking in terms of accounting changes, financial fraud is a violation, the economic consequences more serious, even worse. Therefore, I will be that intentional misrepresentation by deceptive means to achieve wealth of financial information to non-equity transfer or resources, rent-seeking activities are not properly configured as rule-making power of the contractual arrangements, the audit opinion in the case of separation of ownership and social intermediary organizations to monitor the company's management the results of supervision of listed companies is a certified public accountant accounting information disclosed in the report of the legitimacy and fairness of different audit opinion will have a different pattern of distribution of benefits. It is the audit opinion with indirect economic effects of the substrate, supervision and management of the CPA of the accounting standards followed and the right of the remaining proper exercise of accounting rule-making process, the evolution of Certified Public Accountants and the listed Company management game process to share the rent. Thus, the conduct of listed companies to be successful the first two rent-seeking behavior, rather than by investors and regulatory agencies have found that often require the assistance of Certified Public Accountants, resulting in the audit opinion shopping behavior frequent. Since the audit opinion can lead to unproductive transfer of wealth and the CPA can not face the temptation to rent truly business interests of other stakeholders damage. On this point,UGG boots, the audit opinion on the buying behavior also reflects the basic idea of rent-seeking, therefore, this paper will define the Rent a form of behavior.
Second, to prevent rent-seeking behavior of the measures of accounting information
(a) financing policy to reduce the capital market over-reliance on accounting information. institutional changes have laid the basis for government regulation, government rent control led to the production, financing,bailey UGG boots, control of the over-reliance on accounting information, accounting information and economic consequences of asymmetric information, accounting information makes the choice of seeking to become a reality. To reduce rent-seeking activities of interest groups. must be reduced The establishment of the rent. Thus, in the process of institutional change, only the reduction of funding based on accounting information control means to regulate through market refinancing of listed companies and delisting actions in order to reduce the rent, thereby reducing rent-seeking activities of accounting information. in accordance with market GATS, the free financing of listed companies, as long as the standard, companies are willing to finance public can enter the stock market since the funding, all levels of government should not have the right to intervene, the securities regulatory authorities to monitor not only should have decision-making power, the supervision should focus only on companies listed on compliance with procedures, in line with rules, investigate and punish violators. business listing and delisting the stock market depends on supply and demand,Bailey UGG boots, business prospects and profitability, investor preferences and other factors, the Government is to serve as more services and the role of the referee, to maintain the integrity of transactions, fair, just and open. Thus, eliminating rent-seeking behavior of accounting information of listed companies the primary response, is listed by the market itself survival of the fittest companies and resource allocation process.