学科分类
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11 个结果
  • 简介:Inthecontextofapushtowardsfulldisclosurebytheregulatoryauthoritiesofsecuritiesmarkets,weevaluatetheeffectivenessofcorporatedisclosurepolicybyexaminingthe'filtereffect'.Controllingforfirmsizeandearningschanges,weconductanempiricaltestofvariousdisclosureoptions.OurresultsshowsthattherecentincreaseindisclosurefrequencyinmainlandChina'ssecuritiesmarketshasnotyetachieveditsanticipatedobjective.Disclosurequalityremainslowandsmallfirmsoftenmanipulatetheirstockpricesthroughselectivereleaseofinformation.

  • 标签: 披露政策 上市公司 财务报告 股票价格