The Relationship Research On Finanical Information Quality And Business Performance Of Listed Companies In Shaanxi Province

One of the main way for investors,managers and competitors to get familiar with listed companies is their financial data.With the development of economy,there is a serious market competition and problems in our society are becoming increasingly important.In recent years,many listed companies forge their financial data and provide unrealistic financial information,which seriously interferes the normal economic order.It not only demotivates investors' enthusiasm of investing,but also threaten listed companies' operating performance.Nowadays,many scholars study the relationship between financial information quality and operating performance of listed companies.Relevant researches show that higher revealed financial information quality contributes to perfect operating performance,while listed companies with poor operating performance tends to forge their financial data and reveal less financial information,so that reducing negative effects of their companies.Based on the scholars' research,the aim of this essay is to construct relevant model evaluating listed companies' financial information quality and operating performance.Apart from that,through the relationship of these information giving advise to corporations to enhance their financial information quality and increase the transparency of financial data.As a result,helping managers to run companies and providing theoretical help for investors.This essay analyses the relationship between financial information quality and business performance,drawing on researches of international and domestic scholars and basing on management,economies,accountancy,statistics and etc.Constructing the financial information quality evaluation model of listed companies and building the performance evaluation model bases on Benford's law and factor analysis method respectively.Finally,analyzing the relationship between financial information quality and business performance uses theone-way analysis of variance,correlation and regression analysis.In the empirical analysis of this essay,selecting financial data of 39 listed companies from 2013-2015.Analyzing these companies' balance sheet,income statement and cash flow statement base on Benford's law.Then establishing evaluation system of financial information quality and calculating this index.At the same time,these companies' earnings per share,debt paying ability,operation capacity and growth potential all contribute to 17 indexes.Establishing operating performance evaluation system bases on relative principles and calculating common factor uses factor analysis method,so that getting the final score of these corporations' operating performance.In the end,judging the relationship between financial information quality and business performance,basing on descriptive statistics and one-way ANOVA.This lays the foundations of promoting financial information quality and encouraging operating performance.