Research On Timeliness Of Accounting Information Disclosure Of Chinese Listed Companies

There is a close relationship between the disclosure requirement for annual reporting and the information quality. For a long time, we have been sort of adequate discussion on timeliness. This paper falls into three parts.The first part is focused on analysis of timeliness which is the main quality of periodical information disclosure of listed companies. (1) This paper analyzes the regulations and their effects on the timeliness in securities market. (2) The balance of relationship of timeliness and other characters is dynamically adapted to the various stages of capital market development. (3) The action of timeliness on securities market.The second part uses the reporting lag as the substitute for annual report timeliness and analyzes the elements affecting the reporting lag empirically. The event study is used and the test procedure is conducted by simulating a random sample selection. This part focus as follows: (1) The description analysis of timeliness. (2) Information content of timeliness. (3) Analyzing some factors which maybe impact on timeliness.On the basis of theoretical and empirical analysis, this paper comes to a conclusion. And this paper point out some advices that could effectively improve the timeliness of the annual report of Chinese listed companies.