财务会计信息与公司治理结构的关系【外文翻译】

《财务会计信息与公司治理结构的关系【外文翻译】》由会员上传分享，免费在线阅读，更多相关内容在学术论文-天天文库。

1、外文文献翻译译文一、外文原文原文：FinancialaccountinginformationandcorporategovernancesystemsAbstractWepositthatlimitedtransparencyoffirms’operationstooutsideinvestorsincreasesdemandsongovernancesystemstoalleviatemoralhazardproblems.Theaccountinginformationsystemisonepartoftheco

2、mpanygoverns,whichhasacloserelationwiththecorporategovernance.Theaccountinginformationsystemhasareactiontothecorporategovernance.Andthequalityoftheaccountinginformationwouldbeinfluencedbythecorporategovernance.Incurrentsociety,thephenomenonthataccountinginformat

3、iondistortionkeepsappearedallthetime.However,thisreasonablearrangementswouldn'tbecarriedouteffectuallybecausethesanctionfortheunitprincipalisnotenoughanditsrangeisdwindled.Andtherefore,thispapersuggeststhatAccountingLawandCriminalLawshouldberevised,examinationso

4、nthequalityofaccountinginformationshouldbestrengthenedandthesociallyinformingsystemshouldbesetup.Itisnecessarytoperfectcorporategovernanceinordertomakethequalityoftheaccountinginformationbetterinthisarticle;Iexplainwhatthecorporategovernanceandthequalityofaccoun

5、tinginformationarepresentnow.AndthenIwilltrytoanalysistherelationshipbetweenthedeficiencyofcorporategovernanceandtheaccountinginformationquality,theinfluencethattheaccountinginformationquality。IntroductionIntheU.S.andinothereconomieswithstronglegalprotectionofou

6、tsideshareholders’rights,transparencyofafirm’soperationsandactivitiestooutsideinvestorsdisciplinesmanagerstoactinshareholders’interests.1Wepositthatlimitedcorporatetransparencyincreasesdemandsoncorporategovernancesystemstoalleviatemoralhazardproblemsresultingfro

7、mamoresevereinformationgapbetweenmanagersandshareholders,ceterisparibus.WeconsidertwofactorsthatlimitcorporatetransparencytovaryingdegreesacrosslargepublicU.S.companies:(1)relativelyuninformativefinancialaccountingsystemscharacterizedbytheinabilityoffirms’GAAPea

8、rningstoexplainchangesinshareholdervalueinatimelyfashion(lowearningstimeliness)and,(2)firmcomplexityduetoextensivegeographicand/orlineofbusinessdiversification. Accou