上市公司信息披露质量直接测度理论模式探究.docVIP

上市公司信息披露质量直接测度理论模式探究摘 要：在理论上，人们对“如何评价上市公司信息披露质量”并没有达成统一认识；在实践中，各机构的研究也各具特色。直接测度方法是理论界和实践部门评价信息披露质量的主流方法，但是其完善进程缓慢，还存在忽视概念内涵的界定、评价指标体系差异大、对于是否设置评价指标权重的意见不一、观点的论证缺乏坚实的理论基础等问题。评价指标争议，可通过依据测量理论的概念化和操作化程序的实施来解决；而指标权重的确定，可在综合评价理论的指导下比较各方案的优缺点，以评价目标为导向，择优选用。应依据测量理论与综合评价理论分析和确定信息披露质量的评价维度与指标，并重视上市公司信息披露质量评价的市场反应 关键词：上市公司信息披露；信息披露质量；直接测度；测量理论；综合评价理论；评价维度；评价指标；指标权重 中图分类号：F830.91；F276.6 文献标志码：A 文章编号：1674-8131（2011）05-0056-08 A Study on the Direct Evaluation Theory Model ofInformation Disclosure Quality of Listed Company XU Shao-shuang?1,2,3 (1. Post-doctoral Working Station of Management Science and Engineering, Hefei University of Technology, Hefei 230009, China; 2. Post-doctoral Working Station, Guoyuan Securities Ltd., Co, Hefei 230001, China; 3. Wanxi College, Anhui Liuan 237012, China) Abstract: Theoretically, there is no consensus on how to evaluate information disclosure quality, however, in practice, the study of each institute has its own characteristics. The direct evaluation method is the main method in theoretical and practical circle to evaluate information disclosure quality, however, its perfecting progress is slow and has the problems in ignoring definition of concept connotation, big difference in evaluation indexes, no consensus on whether weight indicators should be set, inadequate theoretical basis for the verification of new ideas and so on. Evaluation index dispute can be solved by the implementation of conceptualization and operation program on the basis of measurement theory, however, the determination of index weight can be solved by choosing the optimal weights oriented by evaluation objective after the comparison of advantage and disadvantage of each scheme under the guidance of comprehensive evaluation theory. The evaluation dimension and indicators of information disclosure quality should be analyzed and determined by measurement theory and comprehensive evaluation theory, the market reaction of information disclosure quality ev