上市公司盈利预测信息自愿性披露实证研究——来自1090家中国上市公司中期报告的证据被引量：12

A Empirical Study on Voluntary Disclosure of Earnings Forecast in China

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摘要文章以探寻上市公司自愿性信息披露的行为特征和影响因素为研究目标,选取1 090家2004年深沪上市公司为样本,对其中期盈利预测信息披露进行了实证检验。结果表明:(1)与国外研究结论相似,我国公司盈利预测自愿性披露水平与公司规模、公司盈利能力正相关,这说明盈利预测自愿披露正成为我国优质公司消除资本市场“柠檬”问题、展示自身价值的有效手段;(2)与国外研究结论相悖,我国公司盈利预测自愿性披露水平与公司股权集中度正相关,原因是我国股权集中度高的公司多是规模大、盈利能力强的国有控股公司和民营控股公司,这些公司披露盈利预测的动机较强。 This study examines the factors influencing China＇s listed companies＇ voluntary disclosure of information about earnings forecast. The research conclusions are：（1） Similar to prior research findings, in China, companies＇ scale and roe are positively related to voluntary disclosure of earnings forecast; （2） Contrary to prior research findings, Chinese companies＇ equity concentration is negatively related to voluntary disclosure of earnings forecast.

作者王惠芳

机构地区中南财经政法大学会计学院

出处《山西财经大学学报》 2005年第4期138-140,共3页 Journal of Shanxi University of Finance and Economics

关键词盈利预测自愿披露实证检验 earnings forecast voluntary disclosure empirical test

分类号 F832.5 [经济管理—金融学]

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参考文献6

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