中国上市公司年度报告披露及时性实证研究

年度报告作为投资者决策的重要信息源之一,其及时性受到了监管部门和市场研究者的关注。本文通过对中国上市公司1993～2003年间公布的8294份年度报告披露时间进行多元回归分析,发现除盈利公司比亏损公司更及时地公布其年度报告外,标准无保留审计意见公司也较非标准无保留意见的公司更及时地披露其年度报告,证实了中国股票市场存在“好消息早,坏消息晚”披露的基本规律。而且,随着时间推移,我国上市公司年报披露的及时性在逐步提高。     

笃定前行 共瞻未来——中国社保的2019年度报告

2019年,我们用汗水浇灌收获,以实干笃定前行。成就凝结着新时代奋斗者的心血和汗水,彰显了不同凡响的中国风采、中国力量。2020年的新年前夕,国家主席习近平通过中央广播电视总台和互联网发表新年贺词。2019年,最难忘的是隆重庆祝新中国成立70周年。我们讲述社保故事,传递社保情怀,弘扬社保文化,与18万社保人一起为共和国70年的社保辉煌成就喝彩,一同见证筑梦社保的精彩。     

施工企业集团报表及时性问题研究

施工企业集团会计信息生成汇总的时间比较滞后,不能满足企业内部生产经营管理的及时性要求,从而影响到企业的经营决策。本文从施工企业集团快速生成报表为出发点,阐述了施工企业集团通过财务信息软件功能的运用来加快报表的生成,提高报表汇总的速度,从而满足内部经营管理对会计信息的时间性要求。     

施工企业集团报表及时性问题研究

施工企业集团会计信息生成汇总的时间比较滞后,不能满足企业内部生产经营管理的及时性要求,从而影响到企业的经营决策。本文从施工企业集团快速生成报表为出发点,阐述了施工企业集团通过财务信息软件功能的运用来加快报表的生成,提高报表汇总的速度,从而满足内部经营管理对会计信息的时间性要求。     

刑罚的及时性与犯罪人的关系

刑罚是国家对犯罪人所适用的最严厉的惩治措施。刑罚及时适用,能够减少犯罪人的再犯和潜在的犯罪人的初犯。刑罚如果不能及时适用,将增加犯罪人的再犯、犯新罪和潜在的犯罪人的犯罪。     

浅谈影响建筑会计信息及时性的成因及其对策

建筑业是国民经济的一个重要的支柱,建筑业的发展关系到整个国民经济的发展,同时也影响到国家的国计民生。所以说,会计信息是会计信息的使用者形成决策的重要依据。会计信息的高低与虚实直接影响到使用者们进行决策是否准确。衡量会计信息质量的重要原则是信息的及时性,我们就文章中影响建筑类集团的会计信息是否及时的成因与对策做了充分的讨论与研究。     

审计师更换时机对年报及时性和审计质量的影响

上市公司出于不同的动机,选择在不同的时间进行审计师更换,因而对年报的及时性和审计质量产生了不同影响。本研究发现,较晚更换审计师的上市公司,相对于较早更换审计师的上市公司,不仅其财务报告的及时性显著较差,而且审计质量也明显较低。     

通货膨胀的会计问题剖析和未来研究展望

自2007年末起,通货膨胀在许多国家和地区日渐成为常态,它不仅决定了宏观政策走向,而且直接影响公司、投资者和分析师等市场参与者的决策。现阶段,我国正面临着输入型通货膨胀的压力(以较高消费者价格指数和人民币持续升值为显著特征)。本文以投资者保护为研究主线,首先梳理和比较分析了已有的研究,重新审视、阐释和概括通货膨胀的会计处理方式。接着,本文重点阐述了未来研究的重点方向,并试图将通货膨胀微观化和内置化到决策之中。本文为宏观变量的微观化处理探索了可行的研究方法,也将为准则制定和市场监管部门提供有益参考。     

机构投资者与上市公司年报披露及时性的实证研究

我们运用Logit模型检验机构投资者持股量与上市公司年报披露时间差异之间的关系时发现,机构投资者促进了上市公司年报的及时披露。但是,机构投资者在促进上市公司年报及时披露的程度与整个证券市场环境相关。在证券市场整体牛市时,机构投资者似乎对上市公司年报披露是否提前并不产生影响,但是当股票市场整体处于熊市时,机构投资者对会计信息的需求愿望比较强烈,机构投资者持股量与上市公司提前披露年报显著正相关。这说明了机构投资者只是会计信息的外部使用者之一,机构投资者促进了上市公司年报及时披露,机构投资者没有降低信息披露的质量。     

2004～2005年中国视频会议系统市场研究年度报告（摘要）

中国视频会议系统市场2005年继续保持稳步快速增长 受2003年SARS的影响，中国视频会议系统市场近两年突破了以往的平缓发展局面，开始步入稳步快速发展阶段。     

The Review Report: An Empirical Investigation

A laboratory study was used to investigate two questions of relevance to the expectations gap: (1) what differences do the users of financial statements perceive between an audit and a review?, and (2) what impact does changing the format of the audit report from the short form wording used in the UK prior to September 1993 to an expanded version (based on the expanded US audit report) have on these perceptions? Results of investigating (1) indicate that users perceive a number of differences between the audit and the review. Results of investigating (2) demonstrate that expansion of the audit report increases the number of differences perceived by users. The paper goes on to discuss the results in the context of the differences between an audit and a review suggested by IFAC guidelines. It was found that, in a number of respects, IFAC guidelines are inconsistent with user perceptions irrespective of the expansion of the audit report. The implication for audit policy is that any proposal to promote the use of reviews in the UK should address this inconsistency either by reappraising and refining IFAC's guidance on the review and/or by sharpening user perceptions of the review through careful wording of both the review and the audit reports.     

The Reliability of Perception-Based Annual Report Disclosure Studies

A number of annual report disclosure-based studies have gathered perceptions from users and preparers about the relative importance of information items for an investment or bank loan decision. The paper investigates the presence of non-trivial consistency in perceptions on 63 information items across 11 studies over a period of 16 years in six countries, and across six user-preparer groups. A meta-theory paradigm is used to cumulate findings across this broad spectrum of time and culture. Five hypotheses are tested and perception data are examined by item, time dimension, and user-preparer groups. Perception consensus is present on approximately 30% of the items-in-common, and between user-preparer groups on most items.     

会计信息披露及时性的信息含量分析——基于2002—2004年中国上市公司年报数据的实证研究

“及时性”是一项重要的会计信息质量特征,一直以来是会计领域研究的重要范畴。本文依据中国深沪两市上市公司2002—2004年年报数据,以上市公司年报时滞作为及时性的替代变量,对中国上市公司会计信息披露及时性的信息含量问题进行实证分析。研究发现:早披露年报公司的市场反应显著强于晚披露公司,从而得出了及时性具有信息含量的肯定结论。     

The Audit Report under Going Concern Uncertainties: An Empirical Analysis

This study explores the value of the audit report in the context of the going concern qualification (GCQ) decision along the joint dimensions of auditor competence and independence. Likelihood of company failure, auditor switch rates, the self-fulfilling prophecy argument and audit firm size are analysed as variables potentially affecting the value of the audit report in a GCQ situation. This study focuses on the outcomes of such decisions: the presence or absence of a GCQ, for a large sample of UK quoted companies over the decade 1977–86. Our results suggest that, unless the likelihood of failure is very high, the probability of a GCQ is very low. We find some evidence in support of an association between the presence of a GCQ and auditor switching but no support for the self-fulfilling prophecy argument. In addition, smaller UK audit firms do not appear to exhibit lower GCQ rates than do large firms. There is some evidence that the issues of auditor competence and independence may be a cause for concern in this context in the UK.     

2007中国上市银行年报：看点与解析

2007年是中国银行业快速发展的一年,行业全面开放、竞争加剧带来了前所未有的变局。各家银行加速管理体制改革、调整发展战略,为迎接各方面的挑战做好准备。这也使得上市银行的年报比起往年来,有了更多的看点。本期所关注     

Annual Reporting and Accountability by Municipalities in Canada: An Empirical Investigation*

Prior research regarding reporting and accountability by local governments in several countries has questioned the value of traditional annual reporting and the level of accountability to the public. This article reports on comparable research for local governments throughout Canada. The disclosure index methodology is used to evaluate the quality and quantity of information published in the annual reports and in the financial statements of Canadian local governments in 2003 with a comparison in 2005. Although all municipalities published audited financial statements, less than one‐third of municipalities published a comprehensive annual report in 2003. The results show an overall low disclosure index with significant improvements in 2005 compared to 2003 and significant differences across the country. The results, largely consistent with previously published international studies, raise questions about local government accountability and about the conceptual framework for local government reporting.     

年报:晴雨表功能渐行渐近

前几年,投资者一直有这样的困惑:国民经济在高速发展,GDP增幅不断提高,但是这一切仿佛就是和上市公司无关,其业绩明显和宏观经济数据相悖,平均收益一年比一年差.不少研究人员试图解释这一现象,但客观而言,似乎还没有人能拿出令人信服的答案.