关于违规信息披露上市公司存在“瓦釜效应”实证与研究.docVIP

关于违规信息披露的上市公司存在“瓦釜效应”及其影响因素的实证研究 【】【】 This article first proposes the definition of “Watts Effect”, then though empirical research demonstrates the effect is popular in the current market. Secondly, the factors which influence “Watts Effect”, including listed companies scale, the proportion of permanent earning, ST Companies, asset liability ratio and the first inferior disclosure, all of them have an apparent relation with “Watts Effect”. While the proportion of temporary earning, the second inferior disclosure don’t. Keyword: Watts Effect、inferior disclosure、companies scale、asset liability r