摘要
本文通过对两份问卷调查结果的分析,发现上市公司经理人与投资人对会计信息真实性的看法存在显著的视角差异,前者持会计信息真实的程序理性观,而后者持会计信息真实的结果理性观。从目前我国证券市场的现状来看,投资人处于信息严重不对称的弱势地位,上市公司会计信息失真使投资者蒙受了巨大损失。文章据此认为:对上市公司会计信息生成、审计和披露的监管,应偏重于会计信息真实的结果理性观,以保护投资者利益,降低经理人与投资人之间的信息不对称性。
After analysis of two questionnaires,we find that the managers of the listed companies and the investors have distinctly different views about the truthfulness of the accounting information.The managers hold the perspective of the procedural rationality of the true accounting information,while the investors hold the perspective of the substantive rationality of the true accounting information.As far as the current China's securities market is concerned,the investors are in the disadvantaged end of serious information asymmetry,suffering from huge loss due to the misleading accounting information of the listed companies.Therefore the paper holds that the production,auditing,and governing of the listed companies' accounting information should stress on the perspective of the substantive rationality of the true accounting information,to protect the benefits of the investors and to reduce the asymmetry of information between managers and investors.
出处
《财经研究》
CSSCI
北大核心
2003年第6期77-80,共4页
Journal of Finance and Economics
