Dissertation > Excellent graduate degree dissertation topics show

Information disclosure , transparency and corporate performance

Author: YangFei
Tutor: ZhangZongXin
School: Fudan University
Course: Investment
Keywords: Information Disclosure Transparency Corporate Governace Corporate Performance
CLC: F832.51
Type: Master's thesis
Year: 2008
Downloads: 419
Quote: 0
Read: Download Dissertation

Abstract


To some extent, stock market is an information exchange market, one of the essential problems of stock market research is whether the stock price can react to new information accurately and timely. As the source of information, disclosure is the institutional foundation of the market construction and development. For the emerging markets like China, due to the lack of regulatory experience, information disclosure problem is of the utmost importance. This paper tries to explore the current disclosure level of China’s listed companies and the relationship between transparency and corporate performance.The paper consists of six parts: the first part is introduction, states the purpose of the research, methodology and concepts definition; the second part introduced both home and abroad research documents, addressed the incentives of both mandatory and voluntary disclosure, also this part gives a concept analysis of how disclosure can affect corporate performance; in the third part, we develop an information disclosure index consists of not only voluntary but also mandatory disclosure itmes, the empirical results from the application of this index show that China’s listed company disclosure level improves year by year, but there are still some inadequacy in some aspects; the fourth part examines the factors affects corporate disclosure, we find that the size and operation status are the main factors affect disclosure levels, in addition, an appropriate shareholder structure attributes to good information quality and transparency, but the board governance mechanism does not play an ideal role in the improvement of corporate transparency as we expected; the fifth part aims to drive the empirical evidence of how the disclosure will affect corporate performance, the results show that the more transparent the company is, the higher Tobin’s Q and ROE it has, it means that higher information quality helps the improvement of corporate performance; the last part is conclusions and policy suggestions.

Related Dissertations

  1. Research on the Impact of Debt Financing Structure Upon Corporate Performance on Listed Pharmaceutical Company,F275
  2. The Research on the Government Information Publicity in Chinese Public Crisis Management,D630
  3. The Legal Prevention of Gem Risk in China,F832.51
  4. The Research on Information Disclosure of Derivatives,F832.51
  5. Research on the Government Information Disclosure System in China,D630
  6. An Empirical Study on the Relation of the Managerial Ownership and Corporate Performance,F276.6
  7. A Study on Risk Information Disclosure of Commercial Banks,F832.2
  8. The Study of Information Disclosure Systerm Related Transaction of Listed Company in China,D922.287
  9. The Study on Supervision of Charity Organizations Within Legal System,D922.182
  10. Research on Legal Protection for Right to Know in Food Consumption,D923.8
  11. Comparative Research of Information Disclosure between Chinese and Foreign Countries of Listed Commercial Banks,F832.2
  12. Information Disclosure Quality Rating and the Value Relevance of Financial Statements Data,F832.51;F224
  13. Studies of High Refractive Index Materials Prepared by Nano ZrO2 and TiO2 Hybrid Silicone Epoxy Resin,TB383.1
  14. The Reaching of the Problem of Our Listed Companies Disclosure,F233
  15. Ownership Structure and annual information correction Relationship,F832.51;F224
  16. Shanghai and Shenzhen listed companies' capital structure and corporate performance relationship analysis,F276.6
  17. Research on the Effect of Internal Governance Structure of Companies on Accounting Information Transp Arency,F275
  18. Impact on the Internal Control Disclosure of Information by the Ownership Structure of Our Family Controlled Listed Companies,F275;F224
  19. The Research of the Influencing Factors about Our Country’s Electric Power Enterprise Society Responsibility Information,F426.61
  20. Study on Legal Issues of Domestic Regulation on Telecommunication Services,D922.29;F626
  21. An Empirca1 Study on the Re1ationship between Governance Effects of Internal Audit and Transparency of Listed Companies,F224

CLC: > Economic > Fiscal, monetary > Finance, banking > China's financial,banking > Financial market
© 2012 www.DissertationTopic.Net  Mobile