The Study On The Relation Of The Quality Of Information Disclosure, Investors Expect And Cost Of Equity Financing

To the development of the modern enterprise must with shareholders, creditors, suppliers,Government, customers and various stakeholders to establish a good relationship, maintainthe economic interests of the various stakeholders. Each stakeholder according to thecompanies provided information to make management decisions. When investors makinginvestment decisions, they want to predict the future of economic trends and possible toenvisage the future blueprint, the forecast was primarily based on to determine the content ofthe information disclosure of listed companies, and investors decisions affect the cost of theequity financing of listed companies.This paper combined with empirical and specification research methods, the relationshipof research quality of information disclosure of listed companies, investors’ expectations andthe equity financing cost. First of all, using the method of literature review, the papersummarizes the research of scholars at home and abroad, put forward the deficiency ofexisting research and research ideas and methods in this paper. In the process of empiricalanalysis of the article adopts the method of qualitative to quantitative, qualitative research asthe first to put forward the research hypothesis, assumptions are verified through thequantitative research, and again found new problems. In this paper, we use SPSS17.0statistical software analysis, further evidence that the relationship among quality ofinformation disclosure of listed companies, investors’ expectations and the equity financingcost, and related countermeasures and put forward suggestions.This paper fully absorb domestic and foreign research results, its innovation lies in:First of all, this article from the perspective of investors expected to explain the relationshipbetween the quality of information disclosure and the equity financing costs.Second, in this paper, we establish a model to study the relationship, and according to theresearch conclusion put forward some suggestions to improve the quality of informationdisclosure of listed companies and lowering the cost of equity financing.