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一个地区对投资者的保护情况,会影响企业的会计政策和行为,如果一些地区的投资保护比较薄弱,财务会计系统可以弥补弱投资者保护带来的负面效应,成为一种替代机制。本文对一些地区证券市场上市公司的数据样本进行分析,结果证实如果一些地区的投资者保护比较弱,这些地区的上市公司为了减少因投资保护弱产生的负影响,会披露较高质量的财务会计信息来自我保护,财务会计系统成为一种替代机制。
The protection of investors in a region will affect the accounting policies and behaviors of enterprises. If the investment protection in some regions is relatively weak, the financial accounting system can make up for the negative effects brought by the weak investor protection and become an alternative mechanism. This paper analyzes the data samples of listed companies in some securities markets. The results confirm that listed companies in these regions may disclose higher-quality financial accounting in order to reduce the negative impact of weak investment protection if the protection of investors in some regions is relatively weak. The information comes from my protection, and the financial accounting system becomes an alternative mechanism.