公司信息透明度:经验研究与未来展望

A review of the Empirical Research on Corporate Transparency

公司信息透明度对资本市场的重要性使其成为学术界和实务界关注的焦点。本文从对公司信息透明度内涵的理解入手,对公司信息透明度的影响因素和经济后果的相关实证研究做了详细的回顾,并对其中涉及的对公司信息透明度的衡量方法进行了归纳与评析,文末提出了现有实证研究的局限,以及未来的研究方向。

Corporate transparency is becoming the attention focus of academe and industrial circles because of its importance to capital market.This paper starts from retrospection of several kinds of meanings of corporate transparency,then reviews amply the empirical research on determinant factors and economic consequence about corporate transparency,and gives some comments and analysis to its measure methods.Based on the detailed analysis,the limitation of existing empirical research is put forward ,and the future study direction is suggested.