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Design Of Information Disclosure Quality Measurement Scheme For Listed Companies Based On Entropy Coefficient Method

Posted on:2018-07-29Degree:MasterType:Thesis
Country:ChinaCandidate:T ShaFull Text:PDF
GTID:2359330515476970Subject:Finance
Abstract/Summary:PDF Full Text Request
The quality of information disclosure of listed companies is closely related to the important issues such as the healthy development of securities market and the protection of investors' rights and interests.How to improve the quality of information disclosure of listed companies,to improve the efficiency of the securities market,reduce the asymmetry of information and protect the interests of investors,and strengthen the regulatory agencies on the supervision of information disclosure is the important issue of China's securities market sustainable development.Although the domestic research on the quality of information disclosure is increasingly rich,but there is still a lack of perfect,open measurement of information disclosure quality index system,the lack of corresponding basic theoretical research results,the lack of systematic research,there is no core research paradigm,Methods are also controversial.Therefore,based on the current situation of the information disclosure of listed companies in China,this paper systematically compares the information disclosure quality of the listed companies such as "Information Disclosure Assessment",KV Measurement,Earnings Information Quality Law and other listed companies from the theoretical and empirical levels.In order to overcome the shortcomings of the method of measuring the quality of information disclosure of listed companies,according to the five principles of China Securities Regulatory Commission "Measures for the Administration of Information Disclosure of Listed Companies",from the aspects of corporate governance,financial status,audit supervision,disclosure and disclosure Select the index,and use the entropy weight coefficient method to determine the weight of the index,the design of the information disclosure of listed companies to measure the quality of the program.The core of the scheme is entropy weight coefficient method,entropy weight coefficient method from the size of the information itself,to a certain extent make up for the other empowerment method contains more subjective factors defects,making the weight of the indicators more objective and more realistic Situation,to achieve the qualitative indicators and quantitative indicators of the organic combination of more accurate information on the quality of listed companies to make a measure of disclosure.In order to analyze and test the design of the quality index of the information disclosure index constructed in this paper,this paper takes the Shenzhen listed companies listed on the Main Board of Shenzhen Stock Exchange in 2015 as the sample,and substitutes the relevant data into the designed scheme to validate the objectively and objectively actual effect.The validity of the verification results shows that the measure of the information disclosure quality of the listed companies constructed in this paper is more effective than the KV measurement method and the surplus information measurement method,and has strong feasibility and practical value.
Keywords/Search Tags:Listed company, Information disclosure, Quality evaluation, Entropy coefficient method
PDF Full Text Request
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