发布综合报告是否有助于降低企业的信息不对称

发布时间：2018-03-23 14:20

本文选题：综合报告　切入点：信息不对称　出处：《财经科学》2017年04期

【摘要】：企业综合报告是近年来国际社会上力推的新型企业报告方式。本文首次研究了综合报告的发布对企业与利益相关者之间信息不对称程度的影响。本文以综合报告官方网站IR Reporter中的77家日本上市公司为样本,利用2010—2015年的数据,发现企业会计信息的价值相关性在发布综合报告之后有所提高,会计信息的变化更容易被整合到市场股票价格当中。同时,在控制企业发布综合报告的自选择性后,发布综合报告这一举措显著降低了企业的盈余管理水平,结论在不同的代理变量下保持一致。本文的研究表明,综合报告的发布有助于降低企业与投资者之间的信息不对称程度,应大力推广综合报告作为企业的报告方式。
[Abstract]:Enterprise synthesis report is a new type of enterprise report which has been pushed forward by the international community in recent years. This paper first studies the influence of the publication of comprehensive report on the degree of information asymmetry between enterprise and stakeholders. A sample of 77 Japanese listed companies on the official website IR Reporter, Using data from 2010-2015, it was found that the value relevance of enterprise accounting information increased after the release of the comprehensive report, and that changes in accounting information were more easily integrated into stock prices on the market. After controlling the self-selectivity of enterprises to issue comprehensive reports, the measures of issuing comprehensive reports have significantly reduced the earnings management level of enterprises, and the conclusions are consistent under different agency variables. The release of comprehensive report is helpful to reduce the degree of information asymmetry between enterprises and investors.
【作者单位】：西南财经大学会计学院;
【分类号】：F275;F832.51

【相似文献】