研发信息披露质量测度及制度改进

Measuring the Quality and Improving the Institution of R&D Information Disclosure

通过构建研发信息披露质量评价指标体系,运用熵值法对创业板上市公司2010年年度报告中披露的研发信息质量进行测度和分析,发现定量指标中的投入产出指标对研发信息披露质量影响最大,其次是内部研发环境指标。研究表明,建立研发信息披露制度规范,必须明确规定企业信息披露的最低限度,一方面要求上市公司在披露研发信息时应包括研发活动的一般性描述,另一方面规定企业研发信息强制披露范围。

By building a quality evaluation index system on R＆D information disclosure, the paper measured and analyzed the quality of R＆D information disclosure reported in 2010 annual report on the GEM, using the entropy method. We found that input and output index of the quantitative indexes have a biggest influence on the quality of R＆D information disclosure, followed by internal R＆D environmental index. The results show that it is essential to establish the R＆D information disclosure system standards and make clear provi-sions of the minimal disclosure, on the one hand, the listed companies should disclose the general description of their R＆D activities; on the other hand, the standards require the scope of mandatory disclosure of R＆D information for enterprises.