Research On The Factors Influencing The False Information Disclosure Of Listed Company In China

Nowadays Problems caused by the false information disclosure of listed company are very serious in our capital market. Such kind of problems have disastrous effect,which would damage not only the public's right and interest but also the faith of financial investors, even hamper the development of the capital market. How to prevent and cure the false information disclosure of listed company effectively has became the focus that everybody has paid close attention to. This article is trying to probe into the inherent reason with the false information disclosure. It is divided into four chapters altogether. Foreword. Introduce the background, meaning, method and thought of research in article. Chapter one analyses relevant concepts, classification and meaning of information disclosure of listed company, etc, and introduces the information disclosure of listed company currently of the domestic and international situation. Chapter two introduces the theory achievement about the information disclosure of listed company, to establish the foundation for the research of the following chapters. Chapter three analyses the reason causing the false information disclosure of listed company. Consider from the macroscopic environment, the defect of the law, system of the capital market and the ineffective supervision of authority has the inescapable responsibility. But shareholding structure of listed company, financial situation, and corporation governance play important influence to the information disclosure of listed company. This article uses the quantitative analysis tools of SPSS to analyze the inherent reason causing the false information disclosure of listed company based on current situation with the function of utility, discrete choice model, Logit model, etc. Chapter four is the real example analysis of the reason causing the false information disclosure of listed company. This article uses all the A-share listed companies on the stock markets of Shanghai in 2003 as the primary election sample, carries on the real example to analyze the current situation of listed company in China with Logit model. It found out the inherent factors that have main effect on the false information disclosure of listed company. Conclusion. The article draws a lot of benefit conclusion through analysis, and gets the function of utility, the model of predicted probability of the false information disclosure behavior, and offers many effect reference and help for relevant regulator to information disclosure behavior.