A Study of the Property Rights of Accounting Information and its Transaction

Since accounting information is a private product, the process of transmission of a business onto the external counterpart should be a process of transaction of property right. The current arrangement of accounting system characterizes the accounting information in the capital market as public goods, which results in a widely existing phenomena of getting a lift, a low efficiency of property right transaction, and a poor quality of accounting information. Therefore, Changes must be made to the current arrangement of accounting system so as to provide an effective protection for property right of accounting information.