Report On Annual Report Disclosure And Timeliness Issues In Chinese Listed Companies

With the constant development of China's securities market, a variety of market information of listed companies arouse wide concerned by the majority of investors. And accounting information as an important component of market information, its quality of information is particularly important. Listed company's annual report as the main export products of accounting information system is the outcome of corporate accounting activities, an important embodiment, the report is timely disclosure of information for investors, creditors, the securities regulatory authorities and other users of accounting information of great significance. Timeliness as an important quality standards of the qualitative characteristics of accounting information system, has been an important area of research in the field of accounting. For this reason, this article on the annual report of listed companies to disclose the issue of timeliness start the study. This study is divided into two parts, one part of the theoretical analysis, the main analysis of the timeliness of accounting information disclosure of the basic theory and describes the timeliness of the research background, research significance, timeliness of the concept and classification, and discusses the importance of timely disclosure of the Annual Report information. Second, the empirical part, the authors selected the 2004 to 2008 Shanghai and Shenzhen A-share listed company's annual report data, through descriptive statistics, the mean analysis, multiple regression analysis and other methods were tested the impact on China's annual reports of listed companies to disclose the absolute and relative timeliness of influences. The results showed that annual reports of China's listed companies to disclose the overall position of timeliness can not be optimistic; firm size, earnings per share, the company growth, equity concentration, the company profit and loss situation and the audit opinion is affected annual reports of listed companies to disclose the absolute time of an important factor, but the company profit and loss situation and the relative timeliness of the audit opinion is an important factor.