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Supervision Of The Listed Company's Disclosure Of Earnings Forecast Information In Our Country

Posted on:2007-05-29Degree:MasterType:Thesis
Country:ChinaCandidate:Y ChenFull Text:PDF
GTID:2189360212458714Subject:Accounting
Abstract/Summary:PDF Full Text Request
The earnings forecast refers to predicting subject some or expectation that do of management performance of several accounting periods and calculating of the future. The disclosure of the information of prediction of profit contributes to dispelling the information asymmetry between the administrative authority of the company and external information user of existence, dispel the information asymmetry between the investors of different positions, get up and dispel inside information to a certain extent, prevent the function of the inside trade, maintain the justice of the security market. The disclosure of the information of prediction of profit contributes to improving the efficiency of the security market, resources that can reduce information and turn into , propagate , analyses , explain to a certain extent are consumed, and can reduce the private cost that investors searched this kind of information , make social resource distribution optimize further, the market is more effective. And, state that the financial situation, management performance and cash in the past of enterprise reflected flow to historical financial statements, the information of prediction of profit has decision dependence even more.Before 2001, our country implemented the system that the information of prediction of profit of listed company revealed by force, but the result finds the dependability of prediction of profit revealed by force on the low side, not only fail to play a role in should have done, but also caused enormous losses to investor. In view of this, will it be March 2001, securities supervision department reveals prediction of profit voluntarily to switch over to reveal by force. Because reveal voluntarily that implements time shorter in system, the domestic scholar studies fewer about relevant questions revealing the prediction of profit voluntarily at present. This text adopts the information announcing stage after revealing voluntarily as the background with the prediction of profit, carry on regulatory research to the supervision of disclosure of information of prediction of profit of listed company of our country.The present stage, the question existing while supervising in disclosure of information of prediction of profit of listed company of our country is shown as mainly: First, the information announcing system of the prediction of profit is not perfect, for instance, the securities legislate to have defects, accounting criterion system and system of criterion of auditing are not perfect, the definition of legal liability is not scientific, etc.. Second, supervisory system function imperfect, mean government supervise, social intermediary supervise, is it supervise to contain by oneself and victim administration of justice have certain question in relieving mainly. Third, the information of prediction of profit is supplied with insufficiently.
Keywords/Search Tags:Earnings forecast, voluntary disclosure, supervise, safe harbor system
PDF Full Text Request
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