Discuss the Usefulness of Financial Reports to Investors

Ke Sun ； Qi Wang

《Frontiers in Economics and Management》 1卷12期 (2020/12) Pp. 203-207

https://doi.org/10.6981/FEM.202012_1(12).0031

摘要

The disclosure of financial report information of enterprises can effectively connect the demanders of information with enterprises, and provide the information of enterprises to the demanders in an open way. This is the basic requirement of modern enterprise management system, because most of Chinese enterprises have implemented the professional manager management system, that is, the owners and managers of enterprises are different, and the separation of the two rights makes it necessary to disclose financial report information to the owners.

關鍵字

Disclosure ； Modern Enterprise ； Management System ； Financial Report

參考文獻

Xiaoyu Hu & Qun Wang(2019). Revisions about Government Subsidy Disclosures and Investors' Response to Earnings Reports: Evidence from the 2017 Government Subsidy Disclosures. 5(2), 26-34.

Yue Chen, Lingxiang Li & Peng Wang(2015). Institutional investors and conservative financial reporting: evidence from China. 5(1), 161-178.

Chao Yan(2019). Financial statement comparability and corporate tax avoidance: evidence from China. 32(1), 1813-1843.

Teri Lombardi Yohn(2020). Research on the use of financial statement information for forecasting profitability. 60(3), 3163-3181.

Yongmoo Suh(2020). Identifying financial statement fraud with decision rules obtained from Modified Random Forest. 54(2), 235-255.