Research On The Questions Of Disclosure Of Earnings Forecast Information Of Chinese Listed Companies

In China since the early 1990s, when the securities market is just development, required listed companies to disclose information on public earnings forecasts. Along with the development of securities market and users of the information on the earnings forecast information to improve the quality, our country also has released some relevant information disclosure of earnings forecasts and normative documents of the listed company, the information disclosure of earnings forecasts, channels, contents and audit requirements, the normative requirement. However, because of the security market of China developed later and not matures, plus the lack of perfect and matching regulations system, resulting in lack of supply and demand information and the earnings forecasts information disclosure of the standard and quality situation is still not satisfied. Therefore, considering the importance of information earnings and the quality problems of forecast earnings information of listed companies in China, In this paper, it is from this perspective, combining normative study and measurement methods to study the problems of forecast earnings information of listed companies in China.Firstly, through the analysis of the supply and demand of earnings forecasts of listed companies in China, and the conclusion is drew that the earnings forecast information disclosure of listed companies in China at present are lack of effective demand and supply, and point out the reasons of the current situation. Then, combining normative study and measurement methods to study the information quality situation and problems of forecast earnings information of listed companies in China, and the conclusion is drew that the reliability and relativity of forecast earnings information of listed companies in China are not high, and point out the reasons of the current problems.Finally, this paper base on the preceding chapters'results and combine with the special features of China securities market. Based on the view of the accounting standard, trying to build a basic frame of earnings forecasts standards, make sure to standardize and guide forecast earnings information's production and disclosure of listed companies in China. In addition, in order to enhance the information supply and demand forces and the information quality, this paper makes some policy recommendations on forecast earnings information of listed companies. Such as, perfect and strengthen the governance of listed company, perfect the forecast earnings information disclosure system of listed companies, improve accountant occupation judgment, strengthen the earnings forecasts information verification, establish individual investor protection organization and actively guide and encourage the development of institutional investors and cultivating high-quality financial analysts, play its role in the aspects of earnings forecasts.