关于上市公司信息披露的战略思考

A Study on Information Disclosure Strategy of Listed Companies

信息披露是上市公司实现战略目标的一个重要工具,为此上市公司需要对信息披露进行战略管理。上市公司信息披露的战略效应主要表现为对公司融资约束、融资成本、市场竞争、公司形象与声誉、与投资者关系管理等方面的影响。因此,上市公司应从战略角度出发,遵循长期性、全局性和互动性的原则对信息披露进行管理,并按照战略管理的要求对信息披露的内容和时机等进行战略规划。

Information disclosure should be managed strategically,which is the important tool to achieve strategic objectives of listed companies. The strategic effects of listed companies＇ information disclosure mainly include corporation financing constraints and financing cost,market competition,the company＇s image and reputation,and investor relationship management and so on. From a strategic point of view,listed companies should manage information disclosure by following long-term principle,overall effect principle and interactive principle and plan how and when to disclose information strategically.