Analysis on Voluntary Disclosure of Accounting Information for Listed Companies in China

As the capital market develops, listed companies are owning a broader share in the market, but at the same time they are also faced with fiercer competition, which forces listed companies to disclose more reliable information to attract investors for more capitals. Meanwhile, the increase in the number of investors and the improvement of the quality of the capital market have led to a larger demand for the information from listed companies, as well as higher requirements made by all sectors of the community for information disclosure of listed companies; Mandatory accounting information disclosure alone can no longer satisfy the diverse needs of investors. As the opposite of mandatory disclosure, voluntary disclosure of information can improve the quality of corporate information disclosure, thus attracting more and more attention. This article is divided into three parts. Firstly, it expounds the concept of voluntary disclosure of information and relating ideas; secondly, on the basis of the first part, it analyses the current situation of voluntary disclosure in the Chinese market as well as the existing problems, such as, unwillingness of voluntary disclosure, inadequate disclosed content and unregulated disclosure. Finally, corresponding countermeasures to improve voluntary information disclosure are put forward, namely, to strengthen supervision and to complete the corporate governance structure. The countermeasures are designed to improve the quality of voluntary disclosure and facilitate scientific decision-making for investors and other stakeholders, so as to promote the capital market to be healthier and more sustainable. Key words: Listed company; Voluntary disclosure of accounting information; Countermeasur