外文翻译---公司治理与会计信息失真

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1、中文 3464 字 本科毕业论文（设计） 外 文 翻 译 题 目 专 业 会 计 学 外文题目 The Corporate Governance and the Distorted Accounting Information 外文出处 Asian Social Science. July2008, Vol. 4, No. 7 外文 作者 Qiufei Wang 1 原文 ： The Corporate Governance and the Distorted Accounting Information Abstract Distorted accounting information of

2、 the public company becomes the main element restricting our countrys economic development. Hence, how to improve accounting information quality becomes a hot topic. This study in brief analyzes some factors, which affect accounting information quality from the direction of corporate governance. Mor

3、eover it gives out several different mathematical models and proposes a base train of administering thought, in order to establish a few foundations for research on the distorted accounting information problem. Keywords: Corporate governance, The Distorted accounting information 1. Introduction The

4、distorted accounting information is the “Chronic illness” of securities markets. Because it endangers government Marco-control, disturbs tax revenue and does harm to functioning of optimizing capital resource disposal, many governments attempt to resole this problem. Yet even to this day, varieties

5、of events about distorted accounting information still disturb the whole world. For example “Enron” in United States, and “Ying guangxia” and “lantian” in China. This study concludes that the reason that research and governance on distorted accounting information cannot acquire breakthrough is that

6、it neglects the root of this question. Principal-agent relationship lead to distorted accounting information, so method of only depending on accounting standards and accounting institution is not the most effective way to settle problems. Corporate governance is an arrangement of law, culture, usual

7、 practice and systems, which are use for harmonizing and controlling the relationship and action between every participant. So the most fundamental problem, which will be resolved, is the action of the agent problem. For this reason, it is emergence to benefit conflict between “principal” and “agent

8、” and asymmetric information. All of those evoke 2 distorted accounting information. Reports published by COSO, on the basis of the research, which involve 200 public companies with financial report malpractice from 2003 to 1007, demonstrates that 72% of the cases are related to CEO, 43% are related

9、 to CFO； 25% of corporations did not set up the audit commission. The study research specimen included 50 public companies with financial malpractices from 1994 to 2000,according to punishments of CSRC, and demonstrates that there are 79% case related to distorted accounting information and among th

10、ose is 79%cases related to directors and managers. (Figure 1) Figue 1. Financial Affairs Malpractices Corporation In view of the above, we think the reason that induces the distorted accounting information is defects in corporate governance patterns. Because of those defects, some mechanisms cannot

11、supervise and penalize the action. So accounting information cannot be creditable. This study in brief analyzes some factors, which affect accounting information quality from the direction of corporate governance. Moreover it gives out several different instances that directly cause accounting infor

12、mation distort. On this basis, this study designs a mathematical model and proposes a base train of administering thought, in order to establish a few foundations for research on the distorted accounting information problem. 2. Ownership structure and distorted accounting information Generally speak

13、ing, ownership structure contains two implications: firstly, varied percent possessed by different stockholders； secondly, owner ship structure concentration degree. It is the significant component and the ownership base of corporate governance. Rational ownership structure decides if the basis function by