摘要
本文通过将信息经济学和制度经济学的相关研究成果引入到会计和证券市场的研究之中,并以此为切入点对我国2001—2002年二级市场中上市公司所披露的预测盈余信息(包括单独的预测公告和季度报告中所披露的年度预测盈余信息)的有用性进行了实证检验。研究结论表明,上市公司披露的预测盈余信息具有显著的信息含量,在我国证券市场和投资者投资决策中起到了十分重要的作用。研究结论支持了监管机构有关加强预测盈余信息披露的决策。本文的研究还为我国制定较为完整的预测信息披露框架提供了重要的经验证据。
In this paper, we introduce the research results of the information economics and institutional economics to study accounting and security market, and as the start-point, to examine the usefulness of forecast earnings information released （including alone or in the third quarterly reports）by listed companies in secondary market of China during 2001B2002. It is concluded that forecast information has information content significantly, and plays a very important role in dicision-making of investors. The research also supports the CSRC＇ s dicision to reinforce the disclosure of the forecast information, still can provide important empirical evidence for the development of complete framework of the forecast information disclosure in China.
出处
《中国会计评论》
2005年第2期253-272,共20页
China Accounting Review
关键词
预测盈余信息
有用性
实证研究
Managers＇ Forecast Earnings, Usefulness, Empirical Research
作者简介
通讯作者：戴德明，邮编：100872，E-mail：deming_dai@263．net。
