XBRL网络财务报告、信息质量与企业价值研究

通过选取2009-2011年的6个半年度财务报告间的746家上市公司共4476个样本的相关数据,对XBRL网络财务报告、信息质量与企业价值的关系进行了理论分析与实证检验。研究结果表明:通过使用XBRL网络财务报告模式来披露企业财务信息能够降低投资者的预测风险,从而提升企业价值。这主要表现在运用XBRL网络财务呈报财务信息能够导致企业的预期现金流量增加,其对降低企业资本成本的效果不是很明显。

A Study on the XBRL Internet Financial Reporting, Information Quality and Enterprise Value

Based on a summarizes of the XBRL internet financial reporting research results at home and abroad, this paper firstly constructs the basic theoretical model of the relationship between the XBRL internet financial reporting and the enterprise value, and proposes the corresponding research hypothesis. Through selecting 746 listed companies financial reporting which include a total of 4476 relevant data from 2009 to 2011 as samples, a series of theoretical analysis and empirical tests have done on the relations among XBRL interuet financial reporting, information and enterprise value. The results show that it can reduce investors＇ risk prediction by using XBRL internet financial reporting to reveal the enterprise financial information, and thereby increase the enterprise value. Financial information can lead to the increase of the enterprises＇ expected cash flow by using XBRL interuet financial reporting, but the effect is not obvious in reducing the capital cost of enterprise.