Empirical Research On The Effect Of Network Finanicial Information Disclosure To Companys’ Financial Performance

Improvement of information disclosure by reducing asymmetric information betweenmanagers and investors as well as investors and investors to reduce investors’ expected risk,improve stock liquidity, thereby improving financial performance. So, at the present stageof the securities’ market, disclosure of network financial informatio as a way ofinformation disclosure, will their level help to improve the financial performance of listedcompanies? Which level can it raise the financial performance of the company? How theeffects of different aspects of network financial information disclosed on financialperformance separately? This thesis is based on this, in order to draw relevant conclusions.In this thesis,the author use multivariate linear regression analysis to test the effect ofnetwork financial information disclosure to listed companies’ financial performance. Firstly,the author pointed out that a theory about the study between network financial informationdisclosure and corporate financial performance, and make a comprehensive review aboutthe domestic and international academic,which is about disclosure of network financialinformation and the relationship between network financial information disclosure andcorporate financial performance, making this assumption provides a theoretical basis forfollowing contents. Secondly, the author reference the index system for evaluation the levelof network financial information disclosure,which domestic scholar applicate. The authorconbine the actual situation of network financial information disclosure to design a indexsystem for evaluating the level of network information disclosur, use Cronbach ’ s Alphareliability test method to determine the index system of network information disclosur. theindex system total including six area three a level of83a index,acquire data through theinvestigation and analysis to Shanghai Securities Exchange and listed company website;Then, using ROE (ROE) indicators as a measure of financial performance of the company,made this assumption, regression models; Finally, the author use information disclosure asa research object,that was disclosured on465eligible listed companies’ website inShanghai Stock Exchange and securities exchanges’ website, test the overall level ofnetwork financial information disclosure of listed companies in China and the differentaspects of network financial information disclosure on corporate financial performance.Empirical results of network verify improving the levelof financial informationdisclosure will improve the company’s financial performance.