Product Market Compitetion Disclosure Of Listed Company

Information is core of capital market. Information disclosure is necessary precondition of investors protection and rational allocation of resources in security market. China Securities Regulatory Commission used a serious of methods to improve the level of listed companies information disclosure.Now it is difficult for the outer people to acknowledge the inner information. So, information disclosure causes special concern by the theoretical and practical circles.I make a research on relationship of information disclosure and product market exchange hoping to find efficient ways of enhancing its level, helps investors know more about a company's operating condition. In this paper, using the samples from Chinese Shenzhen stock exchange, examines the relations between product market competition and information disclosure. The external competitive environment of product market has significant relation with the information disclosure. Product market competition does not diminish the internal management methods to improve the quality of disclosure.