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本文以2007-2014年我国沪深A股上市公司为研究对象,分析了专业的信息需求者——分析师,对上市公司披露XBRL财务报告的反映。研究发现,上市公司强制披露XBRL财务报告,可以披露更多公司层面信息,降低信息的不对称性,显著改善分析师的信息环境,使得分析师跟随人数显著上升;同时,在分析师信息环境改善的情况下,分析师对于业绩良好的公司的关注程度更高。
This article takes China’s Shanghai and Shenzhen A-share listed companies from 2007 to 2014 as the research object, and analyzes the reflection of the disclosure of XBRL financial reports by the listed company, a professional information demander-analyst. The study found that listed companies mandatory disclosure of XBRL financial reports can disclose more company-level information, reduce information asymmetry, significantly improve the analyst’s information environment, so that the analyst followed a significant increase in the number of people; the same time, analysts improve the information environment , Analysts pay more attention to well-performing companies.