The Research on Impression Management Behavior in Financial Reports of Listed Companies
|School||Lanzhou University of Technology|
|Keywords||impression management information disclosure accounting information financial report government regulation|
At present, the information in listed company’s financial reports is of paramount importance for theinformation users worldwide Therefore, financial report of listed company has also become the researchobject that attracts extensive researches of scholars from various countries. Taking the language informationin Chinese listed companies’ annual financial reports as the specific research object, the thesis conductsdepth discussions of the specific forms, frequency of occurrence, and consequences of impressionmanagement behaviors in the annual report language information, and makes a systematic review andsummary of listed company’s financial reporting information disclosure in China.The theoretical basis and economic motivation studied in this research include: the widespreadrent-seeking phenomenon in the disclosure of accounting information, and why does accountingrent-seeking cannot be fundamentally eliminated; accounting information naturally has economicconsequences, and how do these economic consequences, in turn, affect the disclosure of accountinginformation?; information asymmetry leads to different amount of information possessed by the two partiesinvolved in accounting information transactions, and the ease of getting information is also to differentdegrees; the different features and functions of the various markets in efficient market hypothesis ininformation transmission and disclosure of accounting information. These four parts are the deep-seatedtheoretical basis for the thesis and provide comprehensive economic explanation for further explanation ofthe research proposition.The thesis is preceded based on the three-stage form, that is, identify problems, analyze them and thensolve problems. It starts from differentiating and analyzing impression management and its behavioralconcepts in social psychology, and takes the Directors’Report in the financial reports of listed companies asthe breakthrough point. On the basis of existing research results at home and abroad, it carries out empiricalresearches on the current situation and problems of impression management behaviors in2010annualreports of listed companies in China. It provides some inspirations to improve the supervision of regulatoryauthorities and enhance the quality of the language information disclosure in the financial reports of listedcompanies in China. Finally, the thesis offers some policies and suggestions on regulating impressionmanagement behaviors in the financial reports of listed companies in China from improving relevant lawsand regulations system of government regulators and enhancing the quality of listed companies’ financialreport disclosure these two aspects.