An Empirical research on Voluntary Disclosure Extent and Stock Liquidity of Listed Companies in China
By means of two stage least square method and event analysis, this paper analyzes the influence of voluntary disclosure extent on the stock liquidity from the static and dynamic aspect, based on the annual reports of listed companies of year 2004 in China. It finds that voluntary disclosure extent has a positive influence on the stock liquidity and the incremental voluntary disclosure extent has information content of liquidity.
annual reports voluntary disclosure extent stock liquidity
乔旭东 陈亮
西安市咸宁西路28号西安交通大学管理学院会计与财务系 710049
国际会议
成都
英文
2007-07-09（万方平台首次上网日期，不代表论文的发表时间）