媒体关注对上市公司会计信息披露质量影响研究

发布时间：2018-06-27 22:55

本文选题：媒体关注 + 会计信息披露质量　；参考：《西华大学》2017年硕士论文

【摘要】：我国资本市场在不断发展,其中涌现出不少问题,信息披露违规行为带来的一系列问题给证券交易所工作和证监会工作带来了挑战。2015年深圳证券交易所有72家上市公司受到证监会的处罚,这反映出当前会计信息披露方面还存在着很多问题和违规现象,意味着会计信息披露质量还需要继续提高。自然人等在对上市公司进行投资决策时,很大程度上依赖于上市公司披露的会计信息,由此对上市公司的会计信息披露质量提出了高质量的要求。媒体作为联系投资者、证券交易所、证监会和上市公司的桥梁,构成了一个相互影响的体系。媒体会影响上市公司,本文从会计信息披露质量的视角来研究媒体对上市公司的影响。本文梳理了与媒体关注、股权性质及会计信息披露质量有关的研究文献,采用定性和定量分析。首先,对媒体报道是基于何种原因对信息披露质量产生影响及如何对不同股权性质上市公司产生影响进行机理分析,提出假设。主要检验媒体报道、负面报道及非负面报道是否真的会对会计信息披露质量产生影响,负面报道及非负面报道对性质不同的上市公司会计信息披露质量造成的影响是否存在差异。然后,进行实证分析。通过描述性统计分析、pearson相关分析、二元Logistic回归分析对假设进行验证。研究发现,媒体报道不会引起当年的信息披露质量的变化,而是存在时间滞后性。研究结果表明,媒体报道、负面报道、非负面报道均与信息披露质量呈显著正相关。负面报道对两种股权性质的上市公司信息披露质量影响显著,差异小,且对非国有上市公司影响更显著。非负面报道不会影响国有上市公司信息披露质量,而与非国有上市公司存在显著相关性,两者间有较大差距。通过研究结果对上市公司、监管者、投资者提出如下建议:上市公司应及时作出反应,尽快消除负面报道的不利影响;上市公司应与媒体保持良性互动,接受媒体监督;结合媒体的外部治理功能,监管机构要充分发挥监管作用;投资者需客观对待媒体的报道,投资决策需多方面考量。本文的研究特色有两个。一是媒体有关方面研究是目前会计学相关研究中较为新颖和前沿的研究点,将媒体关注与会计信息披露质量结合起来进行研究,使选题更加新颖。二是研究充分证明了媒体报道会影响上市公司会计信息披露质量,希望通过提出的建议可以提升上市公司会计信息披露质量,研究具有较强的现实意义和实用价值。
[Abstract]:China's capital market is constantly developing, in which many problems have emerged. A series of problems caused by information disclosure violations have brought challenges to the work of the stock exchange and the work of the Securities Regulatory Commission. In 2015, 72 listed companies on the Shenzhen Stock Exchange were penalized by the Securities Regulatory Commission. This reflects that there are still many problems and irregularities in accounting information disclosure at present, which means that the quality of accounting information disclosure still needs to be improved. When the natural person makes investment decision to the listed company, it depends on the accounting information disclosed by the listed company to a great extent, thus puts forward the high quality request to the accounting information disclosure quality of the listed company. As a bridge between investors, stock exchanges, CSRC and listed companies, the media form an interactive system. The media will affect the listed companies. This paper studies the influence of the media on the listed companies from the perspective of the quality of accounting information disclosure. This paper combs the research literature related to media concern, equity nature and accounting information disclosure quality, and adopts qualitative and quantitative analysis. First of all, the paper analyzes the mechanism of the media report on the quality of information disclosure and how to influence the listed companies with different equity properties, and puts forward the hypothesis. To examine whether media reports, negative reports and non-negative reports really have an impact on the quality of accounting information disclosure, Whether there are differences between negative reports and non-negative reports on the quality of accounting information disclosure of listed companies of different nature. Then, the empirical analysis is carried out. Through descriptive statistical analysis Pearson correlation analysis, binary logistic regression analysis to verify the hypothesis. It is found that media reports do not cause changes in the quality of information disclosure in those years, but lag in time. The results show that media reports, negative reports and non-negative reports are significantly positively correlated with the quality of information disclosure. Negative reports have a significant impact on the quality of information disclosure of the two listed companies with different equity properties, and have a more significant impact on non-state-owned listed companies. Non-negative reports will not affect the quality of information disclosure of state-owned listed companies, but there is a significant correlation with non-state-owned listed companies, there is a big gap between the two. Through the results of the study, the listed companies, regulators and investors put forward the following suggestions: listed companies should react promptly to eliminate the adverse effects of negative reports as soon as possible, and the listed companies should maintain positive interaction with the media and accept media supervision; In combination with the external governance function of the media, regulators should give full play to the regulatory role, investors should treat media reports objectively, and investment decisions should be considered from many aspects. There are two characteristics of this paper. The first is that the media research is a relatively new and advanced research point in accounting research at present. The media concern is combined with the quality of accounting information disclosure to make the topic more novel. Second, the study fully proves that the media report will affect the quality of accounting information disclosure of listed companies, hoping to improve the quality of accounting information disclosure of listed companies through the suggestions, the study has strong practical significance and practical value.
【学位授予单位】：西华大学
【学位级别】：硕士
【学位授予年份】：2017
【分类号】：G206;F832.51;F275

【参考文献】