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ID:47396258
大小:58.00 KB
页数:10页
时间:2019-07-08
《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.Theaccountinginformationsystemisonepartofthecompanygoverns,whichhasa
2、closerelationwiththecorporategovernance.Theaccountinginformationsystemhasareactiontothecorporategovernance.Andthequalityoftheaccountinginformationwouldbeinfluencedbythecorporategovernance.Incurrentsociety,thephenomenonthataccountinginformationdistortionkeepsappearedallthetime.However
3、,thisreasonablearrangementswouldn'tbecarriedouteffectuallybecausethesanctionfortheunitprincipalisnotenoughanditsrangeisdwindled.Andtherefore,thispapersuggeststhatAccountingLawandCriminalLawshouldberevised,examinationsonthequalityofaccountinginformationshouldbestrengthenedandthesocial
4、lyinformingsystemshouldbesetup.Itisnecessarytoperfectcorporategovernanceinordertomakethequalityoftheaccountinginformationbetterinthisarticle;Iexplainwhatthecorporategovernanceandthequalityofaccountinginformationarepresentnow.AndthenIwilltrytoanalysistherelationshipbetweenthedeficienc
5、yofcorporategovernanceandtheaccountinginformationquality,theinfluencethattheaccountinginformationquality。IntroductionIntheU.S.andinothereconomieswithstronglegalprotectionofoutsideshareholders’rights,transparencyofafirm’soperationsandactivitiestooutsideinvestorsdisciplinesmanagerstoac
6、tinshareholders’interests.1Wepositthatlimitedcorporatetransparencyincreasesdemandsoncorporategovernancesystemstoalleviatemoralhazardproblemsresultingfromamoresevereinformationgapbetweenmanagersandshareholders,ceterisparibus.Weconsidertwofactorsthatlimitcorporatetransparencytovaryingd
7、egreesacrosslargepublicU.S.companies:(1)relativelyuninformativefinancialaccountingsystemscharacterizedbytheinabilityoffirms’GAAPearningstoexplainchangesinshareholdervalueinatimelyfashion(lowearningstimeliness)and,(2)firmcomplexityduetoextensivegeographicand/orlineofbusinessdiversific
8、ation. Accou
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