会计信息透明度对资源配置的作用

分别以深圳证券交易所信息披露考评结果、上市公司每股股票通过配股和增发实际募集的资金代表会计信息透明度和资源配置效率,采用深证主板上市公司数据,进行实践检验。研究发现,上市公司会计信息透明度越高,越能吸引投资者的优质资源;投资者和上市公司之间的良性选择,能促进资源优化配置,提高证券市场效率。

The Function of Accounting Information Transparency on Resources Allocation Efficiency

Accounting information is the basis of capital market and it leads the direction for the optimization of resources allocation.This paper chooses Shenzhen Stock Exchange’ s information disclosure evaluation results and money collected by issuing respectively as accounting information transparency and resources allocation efficiency.Based on the data from Shenzhen Stock Market’s main board,this paper uses positive analysis to study accounting information transparency’s function on resources allocation efficiency and finds that the improvement of accounting information transparency can relieve investors of information risks,promote the optimization of resources allocation and enhance stock market efficiency.