An Empiric Analysis Of The Association Between Information Announcing Quality Of Listed Company And Ability Of Independentinnovation

A close relationship exists between information announcing quality and innovation ability. First of all, high-quality information announcing reflects the independent-innovation ability of to some certain extent. High-quality information announcing means that the content of information announcing should be faithful, detailed and timely disclosured. In general Generally speaking, High-quality information announcing must contains information that includes development strategy, the type of HRI, research information, patents information and so on. Enterprise's investors could generally learn about corporate innovation ability through the above information. Secondly, information announcing quality affects the whole process of corporate innovation. In the early stage of development, high-quality information announcing could gain support from investors, so enterprise will get enough money for technology research and development. In the medium stage of development, listed company's annual report will report to the investors about the using situation of R&D funding. It can make sure that the R&D funding is put to good use, not for misappropriating, then keep research process smoothly. During the later stage of development, the result and award of corporate development activities will be shown in the annual report. Information announcing keeps the whole process of development under effective supervision. Thirdly, we found that enterprise with high innovation ability tends to make a high-quality information announcing. That is because innovation ability is one of enterprise's core competence. The innovation ability determine the corporate development potential in the furture. That is why most excellent enterprises own strong innovation ability. In the stock market, excellent enterprises in order to make a high-quality information announcing for making differents from others. For example, Some policy suggestions, innovation ability information, produces promotion information, all the above are also quite important for investors.First of all, this paper make a introduction about all the paper which research on information announcing quality and innovation ability. Then we analyzes the way which information announcing quality take its effect on innovation ability. After that, with the help of SPSS statistical software, we make some research about correlation analysis between information announcing quality and innovation ability. We take some large and medium-sized state enterprises and listed companies in steel industry for our research example.To An Empiric Analysis, we draw a conclusion: information announcing quality of the thirty listed companies in steel industry is positively correlated with its innovation ability. The mix example of listed company shows no relationship between information announcing quality and innovation ability.we consider that different correlation between information announcing quality and innovation ability in different industry make the correlation cancel each other out.