Research On Information Disclosure Violation Of Wanjiang Logistics

Entering the twenty-first Century,China's economy has made rapid progress.With the rapid development of economy,more and more capital flows into our capital market,so improving the standardization degree of securities market is very important.Improve the standardization degree of securities market,on the one hand,provide more protection for stakeholders in securities market,on the other hand,it also improves the quality of information disclosed by listed companies,and maintains healthy and orderly development of China's capital market.The external disclosure of listed companies is an important channel for external investors to understand the operation status,cash flow and financial status of listed companies.Therefore,the quality of information disclosed by foreign companies has a direct impact on the stock market.With the rapid development of China's economy,China's securities market is also becoming more mature.Meanwhile,the information disclosure system is also improving with the maturity of the securities market.Even so,China's securities market is still flawed,violations beyond count on the securities market,the occurrence of these violations not only damages the listed company's reputation and image,but also greatly reduce the majority of investors in the securities market trust degree,and even some enterprises to market information unlimited exaggerated,which reduces the allocation of resources effect to a great extent.This paper adopts the method of combining normative research with case analysis,and selects a large number of information disclosure violations,Wanjiang logistics company,a large listed company,for example.First,we read Chinese and foreign scholars' research on information disclosure of listed companies,analyze the background and significance of the research,and introduce the research methods in this paper;Secondly,describes the relevant theoretical basis and Information Disclosure Violation research,mainly includes the principal-agent theory,stakeholder theory and the theory of information asymmetry;again with little logistics as an example,the analysis of logistics information disclosure violations of the background,methods and the reasons of the violation of information disclosure;Finally,it puts forward the pertinent measures to the phenomenon of Information Disclosure Violation of listed companies.