上市公司会计信息披露质量与经营绩效关系——来自我国深圳A股化工行业上市公司的经验证据

Correlation Between the Qualities of Accounting Information Disclosure and Corporate Performance of Listed Chemical Companies——Empirical Evidence from Listed Chemical Companies in Shenzhen A Share Market

采用深交所对上市公司信息披露质量的评级作为会计信息披露质量代理变量,托宾Q作为经营绩效代理指标,以深市A股78家化工行业上市公司2007—2010年的数据为样本,运用面板数据模型,分析深市上市公司会计信息披露质量与经营绩效的关系。结果表明:会计信息披露质量与经营绩效之间显著正相关,信息披露质量较高的公司,其市场表现和经营绩效也都较佳。合理引导公司会计信息披露,对于提升上市经营绩效具有重要作用。

In this paper,selecting panel data in 2007-2010 of 78 listed chemical companies in Shenzhen A Stock Exchange as investigative samples,taking the ranking of disclosure quality made by Shenzhen Stock Exchange as the disclose quality variable and Tobinq as the indicators of corporate performance,the author analyzed the correlation between the qualities of accounting information disclosure and corporate performance of listed chemical companies.The results show that there is a positive correlation between them.Therefore the paper concludes that improving the listed chemical company accounting information disclosure can help to improve the performance of listed companies.