信息披露与上市公司融资成本研究8

 目    录

一、研究目的及意义···················································2

（一）研究目的·······················································2  

研究意义·······················································2

我国上市公司会计信息披露中存在的问题及危害性·····················2

会计信息披露不规范·············································2

有关法规、适度不完善

会计信息披露政出多门

会计信息披露不对称·············································3

三、内部控制信息披露与融资成本的相关概念及理论基础···················3

信息披露的概念·················································3

（二）融资成本的概念·················································3

（三）信息披露与融资成本的理论基础···································3

     1、委托代理理论·················································3

     2、信号传递理论·················································4

     3、信息风险理论 ················································4

四、信息披露对融资成本的影响机理与研究假设···························4

信息披露风险、流动性与股权融资成本·····························4

信息披露风险、关系与债务融资成本 ······························4     

五、解决我国上市公司会计信息披露的具体对策···························5

重组会计要素···················································5

加强人力资源会计披露···········································5

建议编制预测财务报告，展示企业未来发展前景及投资计划···········5

增加环境会计信息及其披露·······································5

参考文献·····························································5

                                                                                           

                                                                                                                                                                                                 作为一种公众公司，其公众性是利益相关者相互冲突与协调之后的产物。                       会计信息是上市公司契约的基础，它直接影响上市公司利益在他们之间的分配。一个有效的上市公司会计信息披露制度，应该能够提供各方利益相关者所需要的真实的会计信息，并能够得到有效的执行。作为信息披露经济后果的重要体现，信息披露质量对股权融资成本的影响是资本市场会计与财务研究的重要课题。国外学者对信息披露质量与股权融资成本之间的关系进行了大量的理论分析与实证检验，其研究表明，在以美国为代表的成熟股票市场上，信息披露质量较高的上市公司股权融资成本较低。我国的上市公司信息披露质量也一直受到人们的广                   泛关注。

研究目的及意义