财务会计信息与公司治理结构的关系【外文翻译】.doc

外文文献翻译译文 外文原文 原文： Financial accounting information and corporate governance systems Abstract We posit that limited transparency of firms’ operations to outside investors increases demands on governance systems to alleviate moral hazard problems. The accounting information system is one part of the company governs, which has a close relation with the corporate governance. The accounting information system has a reaction to the corporate governance. And the quality of the accounting information would be influenced by the corporate governance .In current society, the phenomenon that accounting information distortion keeps appeared all the time. However,this reasonable arrangements wouldnt be carried out effectually because the sanction for the unit principal is not enough and its range is dwindled. And therefore,this paper suggests that Accounting Law and Criminal Law should be revised,examinations on the quality of accounting information should be strengthened and the socially informing system should be set up. It is necessary to perfect corporate governance in order to make the quality of the accounting information better in this article; I explain what the corporate governance and the quality of accounting information are present now. And then I will try to analysis the relationship between the deficiency of corporate governance and the accounting information quality, the influence that the accounting information quality 。 IntroductionIn the U.S. and in other economies with strong legal protection of outside shareholders’ rights, transparency of a firm’s operations and activities to outside investors disciplines managers to act in shareholders’ interests.1 Wepos it that limited corporate transparency increases demands on corporate governance systems to alleviate moral hazard problems resulting from a more severe information gap between managers and shareholders, ceteris paribus. We consider two factors that limit corporate transparency to varying degrees across lar