GEM Quality Of Accounting Information

The carve out category of China's stock market pitches the enterprises of'innovation and development', and these enterprises grow rapidly, but also face the danger of business operation's uncertainty in future. Meanwhile, because the stock market of carve out category is still on the initial stage now, under the influence of internal and external environments, these enterprises entering into the stock market of carve out category face higher risk of delisting in future, which, impacts the tenable condition of accounting basic hypothesis: continuance business operation. The risk feature of our country's carve out category has impacted or not on the quality of finance report which is based on the continuance business operation, and this problem has very high value of theory discussion. At the same time, because our stock market of carver out category is still on initial stage, demonstration data shortens, and research aiming at stock market of carve out category is very little, and the applicability of different demonstration on the carve out category needs further discussion, and this paper uses different ways to compare results during the demonstration, and hope this could be useful to future research.This paper brings up the hypothesis that accounting information exposure quality of Shenzhen Stock Market main category is better than the one of carve out category, and verifies the hypothesis by actual demonstration, based on the condition that the risk feature of carve out category has influence on the accounting information exposure. About the demonstration, this paper use ERC to measure the quality of accounting information exposure, by the way of examples studying. During the demonstration, about the selection of each share's expected profit and final expected profit, this paper selects two variables to compare the results. The final demonstration conclusion is consistent: under currently available evidences, the carve out category's quality of accounting information exposure is not worse than the main category's. This conclusion indicates that the carve out category's accounting information exposure quality has no obvious diversity compared with main category's, under currently available evidences and based on the hypothesis of continuance business operation, even though the delisting risk of enterprise entering in carve out category is higher than the one's of enterprise entering in main category.