| In the past four decades of reform and opening up,with the rapid growth of China's economy,the securities market has also witnessed greater development.However,due to the late start of the securities market,many rules and regulations still need to be further improved.Looking at the relevant announcements and data of the securities market in recent years,the issue of information disclosure is undoubtedly the “stumbling block” that hinders the continued development of China's securities market."Information" in this era of rapid development,in addition to its own significance,more representative of a potential "value",in advance possession of it may have possession of wealth in advance.Therefore,if you want to ensure the long-term stable development of the securities market,it is necessary to require listed companies to disclose information fairly.This article mainly discusses the evaluation of the fairness of information disclosure of listed companies.In order to solve problems,we must find out problems and understand problems.Therefore,this article first through the supervision departments and questionnaires to understand the current status of information disclosure,and then find out where the problems are;then,through the survey of expert opinion and related literature,information to build a listing The company's information disclosure fairness evaluation index system has been empirically analyzed.The results show that the average score of the fairness scores of the 477 listed companies listed on the Shenzhen Stock Exchange is 8.28,of which 83% are listed companies with more than 8 points,indicating the listing Most of the company can disclose information in accordance with regulations;Finally,using regression analysis to find out the main factors affecting the fairness of information disclosure of listed companies,namely,company size,net assets return rate and operating income growth rate,and then give recommendations.In terms of setting the weight of indicators,this paper uses two methods: AHP and factor analysis.Non-parametric statistical two-correlation sample test(Wilcoxon and sign test)compares the results of the two methods and finds that there is no significant difference in the composite index obtained by the two methods.Comparing the analysis results of this article with the evaluation results of the Shenzhen Stock Exchange,the findings are not completely consistent with the survey results of this system,which also shows that the author's research is a useful supplement to the exchange's evaluation. |
