Font Size: a A A

Empirical Study On The Changing Of Scheduled Disclosure Dates For Periodical Reports

Posted on:2007-05-23Degree:MasterType:Thesis
Country:ChinaCandidate:F JiFull Text:PDF
GTID:2189360212477549Subject:Accounting
Abstract/Summary:PDF Full Text Request
To protect the interests of investing public, a series of steps were taken to increase market transparency including introduction of corporate disclosure booking system. Since early 2002, Shanghai and Shenzhen stock markets began to publish the disclosure dates of periodical reports scheduled by the listed companies. But in practice, the booking time may not be consistent with actual disclosure time. It is four years since this system was carried out, there are a lot of listed companies that can't public their reports on time. So this system doesn't seem to come into effect.. So what kind of factors do result in the change of schedule? And how does China Securities Regulatory Commission(CSRC) deal with this kind of situations? This thesis is about this problem.This thesis is composed of four chapters and one appendix, here is the main context of this thesis:Chapter 1, introduction. It includes the research background, motivation, problems, research methods and the framework of context.Chapter 2, literature review. It mainly introduces the basic performance of booking disclosure system in our country. In this chapter, it mainly reviews western research fruits about disclosure and our counties'research about booking disclosure system, which are based on western research fruit in part.Chapter 3, empirical study. It firstly describes the performance of this system in year 2003 and year 2004, and then introduces how to choose samples and variables and how to get the data and how to build the model. It also introduces research hypotheses and statistical results and the analysis of the results. It is based on the data of year 2003 and 2004 and makes a logistic regression. After doing this, we analyze why the listed companies change their former time which has already been booked in the stock exchanges. At last, we arrive at a conclusion for this research and explain how to go on the research in the future.Chapter 4, suggestions. Based on the conclusion we have reached and the measures that have been adopted in our country, we give some suggestions for this problem to make the governance's behavior more effective and efficient. The main contributions of this thesis are as follows:...
Keywords/Search Tags:Disclosure dates of periodical reports scheduled, Postponed disclosure, Disclosure ahead of schedule
PDF Full Text Request
Related items