Research On Information Disclosure Of Listed Companies In Laos

Since the beginning of the 21 st century,with the steady development of Laos' economy and the continuous optimization of its economic structure,it has provided development opportunities for the capital market.As an emerging capital market,the Laos securities market is the biggest change in Laos' financial market.It will raise long-term funds for enterprises,expand investment fields and promote national economic development.This paper mainly analyzes the Chinese scholars' research on information disclosure of domestic listed companies in China,and analyzes the practices of disclosure of nine companies listed in Laos.Issues and corresponding reasons for governance and disclosure,and propose targeted solutions or recommendations on these issues.The study found that in terms of information disclosure,Lao listed companies are still in the stage of exploration and development,mainly in the fact that listed companies have more concentrated shareholding structure,weakened supervision functions of listed companies,and lack of effective incentive and restraint mechanisms for listed companies.There are still many deficiencies and room for improvement in the practice of the three principles of timely,accurate and complete information disclosure.In view of the problems existing in the governance and information disclosure of listed companies in Laos,this paper also discusses the reasons for this.The main reasons are as follows: First,the overall social and economic development of Laos is still weak,the capital strength is weak,and related institutional mechanisms The establishment and improvement of the domestic market in Laos has not yet been fully developed and tapped.The potential of the market is small,and the power of the capital market has not yet been tapped,and the market cannot actively adjust its role.Second,the government's capital market Cognition is not enough,resulting in the corresponding legal and regulatory system not being followed up.Based on the above reasons,this paper puts forward policy suggestions from five aspects: further improving and perfecting the corporate governance mechanism,establishing and improving the management system of the board of supervisors,establishing relevant laws and regulations,strengthening supervision over information disclosure,and giving full play to the supervision of social forces.