创业板上市公司信息披露质量与盈利预测相关性研究工商管理专业论文.docxVIP

广东工业大学硕士学位论文Abstract 广东工业大学硕士学位论文 Abstract In recent years，with the pace of China’S economic transformation in speeding up，the GEM favored by the parties of capital increasingly because it contains number of high-tech enterprises and more in line with the direction of the country,SO that more and more investors and securities analysts to join them．Under this background，the GEM into the bull market driven by the capital and securities analysts have also made earnings forecast of optimism and high growth for the enterprise，the GEM listed companies have thus obtained growth premium．However,the main basis of analysts’earnings forecasts is the information disclosure of listed companies，analysts’eamings forecast of optimism and high growth will not be the quality of the information disclosure of listed companies is not high by?Analysts’ eamings projections have important impact investors’investment decisions．Therefore， this paper from the perspective of ordinary investors protection to carry out the study that the relationship between the quality of information disclosure of GEM Listed Companies and eamingsforecast． The study that introducing newvariable“bull market’and interaction term，based on the domestic and international literature review and the basis of combining the basic theory and China。S special institutional background．In the empirical analysis，selected the GEM listed companies concerned by analysts in 20 1 1--20 1 4as research samples，studying the relationship between the quality of information disclosure of GEM Listed Companies and eamingsforecast and whatchangesinfluence mechanism of informationdisclosure will go through when GEM into the bull markets through the establishment of model．The empirical results shows that：(1)There is apositive correlation between the quality of information disclosure of GEM listed companies and the number of analyst following．(2)The number of analyst following decreased and the positive correlation between the quality of infor