外文翻譯---公司治理與會(huì)計(jì)信息失真-外文文獻(xiàn)-文庫(kù)吧資料
2025-01-27 09:22本頁(yè)面
【正文】 rol, an insider must use the distorted accounting information. So this kind of unrightfully ownership bees the source of distorted accounting information. Figure 2 . Corporate identity 4 Figure 3 . Ownership Structures in Japan 3. Improper incentive mechanisms is the direct cause that creates the distorted accounting information The problem of incentive mechanism is very significant in corporate governance. Because ownership and managerial authority are separate in modern pany. The interest of the stockholder and the managerial authority has diverged. For this reason, owners design incentive mechanism to make the action of managerial authority agree with stockholder’s benefit. In the . the incentive mechanism of the public pany was most obvious. By the end of 2021, 90%of the great business of the . sent nonqualified stock options to managers, 60% of the revenue of managers came from stock. Yet incentive mechanism is “two blade swords”. On one hang it makes managers work efficiently, but on the other hand it motivates managers to supply the distorted accounting information. Swindles which happened in the . confirm that the action of giving excessive motivation to inspire managers just like “drinking poison to quench thirst”. The benefits of managers should not be bined together with pany benefit. This is the cause of the distorted accounting information. To some degree, nonqualified stock options are the main reason of the American accounting swindles law cases. We consider that improper incentive mechanism is the direct cause that creates the distorted accounting information. The American accounting swindle law case originated from over pensation, but the reason for distorted accounting information of the public pany in China is just short of essential incentive 5 mechanism. Nowadays, the revenue form in China is paratively simple (Tab 1). Monthly pay and bonus are the most mon form that the panies adopt. There is an intimate relationship between bonus and accounting benefit, so in the case of insider control, use bonus as incentive means usually leads the publish distorted accounting information to control benefit. On the other hand, the traditional viewpoint of Chinese is “The government official is most important”. Some managers’ goal is to bee an official or politician, so for those people accounting bees a chess piece. It is not strange for a pany to appear to “turn hostile suddenly”. Though analysis of those financial malpractice cases, we may discover that the improper incentive mechanism impels managers to control the profit, thereby cause the distorted accounting information. Table 1. Corporation administration person year revenue together revenue shape Item Under10000 1000020210 2021050000 Over50000 Monthly pay Yearly pay Mortgaged Dividend Others 4. The unqualified supervisory mechanism is the external cause that creates the distorted accounting information The supervisory mechanism of public pany consists of exterior supervision and interior supervision. Exterior supervision means the pany restricts the managers’ action through outside marketplace. These marketplaces chiefly are the product marketplace, the manager marketplace, and the capital marketplace. Interior supervision means that panies restrict the managers’ action through specific system design. Exterior supervision will take a long time to be established, and 6 tradition, culture, political of environment will have a great affect on it. Hence it is a long period of time for exterior supervision to resolve the distorted accounting information, and it cannot acplish it in one move. Under this situation, resolving the problem as quickly as possible will depend on interior supervision. The way of the . is worth studying. After experiencing a series of accountancy scandal cases, the . Government passed
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