非对称信息环境下的会计信息披露

Accounting Information Disclosure under the Circumstances of Information Asymmetry

理想环境下财务报表披露的信息具有完全的相关性和可靠性。然而,财务报告所面临的现实环境是复杂的。由于存在着信息不对称,使得充分及时的会计信息披露在维护资本市场公平有效、帮助投资者预测公司未来盈利能力方面显得至关重要。会计信息披露的观点有两种:强制披露和自愿披露。在非对称信息环境下,应该既把握好强制性披露的度,又增强企业自愿披露的动机。

In ideal conditions, the financial statements are both completely relevant and completely reliable, but the real conditions are complex. Because of the information asymmetry, the full disclosure is very important. It can not only keep the capital market fair and value, but also help the investors predict future finn profitability. There are two viewpoints about accounting information disclosure： voluntary disclosure and forced disclosure