• 主题
高级搜索  >
历史搜索 清空历史
首页> 外文会议>FRCFM;International conference on financial risk and corporate finance management >Corporate Value, Voluntary Disclosure and the Process of Marketization
【24h】

Corporate Value, Voluntary Disclosure and the Process of Marketization

机译：公司价值，自愿披露与市场化过程

获取原文
页面导航
  • 摘要
  • 著录项
  • 相似文献
  • 相关主题

摘要

This paper studies the effect of corporate value on voluntary disclosure under the specific institution background in China which is characterized by the Guanxi-based economic and uneven market. It is found that Guanxi is the main source of resource and competitive advantage in the Guanxi-based economic society. Therefore, it's not significant of highvalue corporate disclosure motivation in the capital market transaction because of high proprietary costs. Moreover, there is negatively significant relationship between corporate value and voluntary disclosure. However, this is just the opposite in the higher-marketization regions. This study is helpful for us to understand the particularity of voluntary disclosure, and establish the proper standards of information disclosure in China.
机译：本文研究了以关系经济为基础，市场不均衡为特征的中国特定制度背景下公司价值对自愿披露的影响。研究发现，关系是基于关系的经济社会的主要资源来源和竞争优势。因此，由于高昂的专有成本，在资本市场交易中具有高价值的公司披露动机并不重要。此外，公司价值与自愿披露之间存在负显着关系。但是，在较高市场化地区，情况恰恰相反。这项研究有助于我们了解自愿披露的特殊性，并建立适当的中国信息披露标准。

著录项

相似文献

  • 外文文献
  • 中文文献
  • 专利
获取原文

客服邮箱：kefu@zhangqiaokeyan.com

京公网安备：11010802029741号 ICP备案号：京ICP备15016152号-6 六维联合信息科技 (北京) 有限公司©版权所有

  • 客服微信

  • 服务号