A Research On Information Disclosure Of Listed Company In China By Extension Theory

The quality of information published by listed companies impacts on the improvement and enforcement of national macroeconomic control, the development of security market, interests of mass investors and loaners, the development of listed companies. In recent years, many problems arose on publishing information of listed companies. The phenomena of publishing false information appear now and then, which bring serious aftereffects. So some depth research work should be done about them, and some measures should be taken to deal with them.Based on deep analysis of foreign and native research results, the research route of this thesis is expounding a question firstly, and then analyzing it, resolving it at last according the extension theory. First, the thesis makes a summary of information publishing of listed companies, introducing the main meaning, contents and principles of information publishing. Second, the thesis analyzes the current situation about information publishing and reveals the trick of listed companies to distort information, including in quality, quantity and time, with discussing misrepresentation and earnings management according a mass of data. Then the thesis illuminates the extension method. According it, the thesis establishes extension model of listed companies information disclosure, point basic route to solve the incompatible problem of information disclosure of listed companies, formalize the reason of information disclosure of listed companies by the method of implied analysis. At last, some measures are pointed out to deal with the incompatible problem of information disclosure of listed companies according the method of extention transformation, such as improving the ability of evaluating information disclosure quality, perfecting corporate governance of listed. These countermeasures are significative to improve the quality of information disclosure of listed companies.