Impact Of Non-financial Information Disclosure Of Agricultural Listed Companies On The Financial Performance

At present,non-financial information has gradually attracted the attention of information users and securities regulatory authorities,but the state of non-financial information disclosure of agricultural listed companies is worrying.Of the 214 agricultural listed companies in 2018,only 61 disclosed non-financial information,accounting for 28.5%.The number of agricultural companies that make continuous and high-quality disclosure is even less optimistic.Therefore,how the quality of non-financial information disclosure of agricultural listed companies affects financial performance and how to regulate their non-financial information disclosure process is worthy of further research.First of all,this article summarizes and reviews the main researches on the concepts of non-financial information,the importance of non-financial information disclosure,the content of non-financial information disclosure,and the relationship between the quality of non-financial information disclosure and financial performance.The concept and content of non-financial information,the evaluation method,and the concept and evaluation method of financial performance are clearly defined,and the main theories involved are sorted out and summarized.Based on the relevant data of agricultural listed companies under the definition of big agriculture,the number,willingness,content,regional distribution and disclosure method of non-financial information disclosure of agricultural listed companies were analyzed and evaluated,and the disclosure of various aspects of non-financial information was clarified using the gray correlation analysis method.Importance.Based on this,the sample data of 35 agricultural listed companies from 2013 to 2018 were obtained based on the principle of sample selection.Eighteen financial sources were selected from five aspects such as profitability,operating capability,development capability,debt serviceability,and indicators per share.The index established a financial performance evaluation system,and used factor analysis to comprehensively evaluate the financial performance of agricultural listed companies.Through regression analysis,combined with the nature of the company and the regulatory effect of the marketization process,it empirically analyzed the quality of non-financial information disclosure of agricultural listed companies.The impact on financial performance is based on the relevant recommendations.The following main conclusions are obtained through the study of this article:(1)The quality of non-financial information disclosure in terms of integrity,content,and technology has a greater correlation with the quality of overall disclosure,and the correlation between the quality of disclosure in industry and the quality of overall disclosure(2)The quality of non-financial information disclosure has a positive and significant impact on the financial performance of agricultural listed companies;(3)Compared with regions with lower marketization processes,non-financial information of agricultural listed companies in regions with higher marketization processes The impact of disclosure quality on financial performance is more significant and stable;(4)Compared with state-owned agricultural listed companies,non-state-owned agricultural listed companies' non-financial information disclosure quality affects financial performance and shows the same result.The research conclusions of this paper have positive significance for agricultural listed companies to deeply understand the importance of non-financial information and improve financial performance.At the same time,it provides regulatory authorities to regulate the non-financial information disclosure system,and the investor group uses non-financial information to conduct company value evaluations.Suggestions were made to optimize their judgments and decisions.