会计信息披露对投资者决策的影响研究
摘 要
本研究主要针对会计信息披露与投资者决策之间的关系展开探讨，旨在揭示会计信息披露对投资者决策的影响，进一步推动我国资本市场的健康发展。本文对A股市场和中国上市公司的会计信息披露现状进行了深入剖析。本文首先回顾了会计信息披露的基本概念、作用和影响，探讨了投资者在做出决策时会考虑哪些与会计信息披露相关的因素。接下来，通过采用问卷调查等定量研究方法，分析了我国A股市场上上市公司的信息披露质量和投资者对于信息披露的满意程度。研究发现，尽管在整体上A股市场的信息披露质量与亚洲其他市场相比有所欠缺，但根据调查结果，股票投资者普遍认为，公司对于重要信息的披露比较及时和透明，对投资者的决策起到了积极作用。本文的研究发现对于推进我国资本市场的科学发展和提高上市公司信息披露质量具有一定的理论和实证参考价值。但是，本研究所使用的方法和数据仍存在一定的局限，未来需要更加深入地探究会计信息披露与投资者决策之间的影响机制及其影响因素。
关键词：会计信息披露 投资者决策 A股市场 事件研究
Abstract
This study mainly explores the relationship between accounting information disclosure and investor decision-making, aiming to reveal the impact of accounting information disclosure on investor decision-making and further promote the healthy development of China's capital market. This article provides an in-depth analysis of the current situation of accounting information disclosure in the A-share market and Chinese listed companies. This article first reviews the basic concepts, functions, and impacts of accounting information disclosure, and explores the factors that investors consider when making decisions related to accounting information disclosure. Next, quantitative research methods such as questionnaire surveys were used to analyze the information disclosure quality of listed companies in China's A-share market and the satisfaction level of investors with information disclosure. Research has found that although the overall quality of information disclosure in the A-share market is somewhat lacking compared to other Asian markets, according to survey results, stock investors generally believe that companies disclose important information in a timely and transparent manner, which plays a positive role in investors' decision-making. The research findings of this article have certain theoretical and empirical reference value for promoting the scientific development of China's capital market and improving the quality of information disclosure of listed companies. However, the methods and data used in this study still have certain limitations, and in the future, more in-depth exploration is needed to explore the impact mechanism and influencing factors between accounting information disclosure and investor decision-making.
Key Words：Accounting information disclosure investor decision-making A-share market event study
目 录
摘 要 I
Abstract II
引言 1
一、会计信息披露概述 2
（一）会计信息披露的概念与形式 2
（二）披露标准与监管 2
（三）会计信息披露的特点及重要性 3
二、会计信息影响因素研究 4
（一）公司性质与会计信息披露 4
（二）行业类型与会计信息披露 4
（三）披露时间与会计信息披露 5
三、投资者决策与会计信息披露 6
（一）投资理论分析 6
（二）投资者心理分析 6
（三）会计信息披露对投资者决策的影响 7
四、以中国A股市场为例的实证研究 8
（一）简介中国A股市场 8
（二）样本构建及数据来源 8
（三）实证分析 8
结 论 10
参 考 文 献 11
致 谢 12
摘 要
本研究主要针对会计信息披露与投资者决策之间的关系展开探讨，旨在揭示会计信息披露对投资者决策的影响，进一步推动我国资本市场的健康发展。本文对A股市场和中国上市公司的会计信息披露现状进行了深入剖析。本文首先回顾了会计信息披露的基本概念、作用和影响，探讨了投资者在做出决策时会考虑哪些与会计信息披露相关的因素。接下来，通过采用问卷调查等定量研究方法，分析了我国A股市场上上市公司的信息披露质量和投资者对于信息披露的满意程度。研究发现，尽管在整体上A股市场的信息披露质量与亚洲其他市场相比有所欠缺，但根据调查结果，股票投资者普遍认为，公司对于重要信息的披露比较及时和透明，对投资者的决策起到了积极作用。本文的研究发现对于推进我国资本市场的科学发展和提高上市公司信息披露质量具有一定的理论和实证参考价值。但是，本研究所使用的方法和数据仍存在一定的局限，未来需要更加深入地探究会计信息披露与投资者决策之间的影响机制及其影响因素。
关键词：会计信息披露 投资者决策 A股市场 事件研究
Abstract
This study mainly explores the relationship between accounting information disclosure and investor decision-making, aiming to reveal the impact of accounting information disclosure on investor decision-making and further promote the healthy development of China's capital market. This article provides an in-depth analysis of the current situation of accounting information disclosure in the A-share market and Chinese listed companies. This article first reviews the basic concepts, functions, and impacts of accounting information disclosure, and explores the factors that investors consider when making decisions related to accounting information disclosure. Next, quantitative research methods such as questionnaire surveys were used to analyze the information disclosure quality of listed companies in China's A-share market and the satisfaction level of investors with information disclosure. Research has found that although the overall quality of information disclosure in the A-share market is somewhat lacking compared to other Asian markets, according to survey results, stock investors generally believe that companies disclose important information in a timely and transparent manner, which plays a positive role in investors' decision-making. The research findings of this article have certain theoretical and empirical reference value for promoting the scientific development of China's capital market and improving the quality of information disclosure of listed companies. However, the methods and data used in this study still have certain limitations, and in the future, more in-depth exploration is needed to explore the impact mechanism and influencing factors between accounting information disclosure and investor decision-making.
Key Words：Accounting information disclosure investor decision-making A-share market event study
目 录
摘 要 I
Abstract II
引言 1
一、会计信息披露概述 2
（一）会计信息披露的概念与形式 2
（二）披露标准与监管 2
（三）会计信息披露的特点及重要性 3
二、会计信息影响因素研究 4
（一）公司性质与会计信息披露 4
（二）行业类型与会计信息披露 4
（三）披露时间与会计信息披露 5
三、投资者决策与会计信息披露 6
（一）投资理论分析 6
（二）投资者心理分析 6
（三）会计信息披露对投资者决策的影响 7
四、以中国A股市场为例的实证研究 8
（一）简介中国A股市场 8
（二）样本构建及数据来源 8
（三）实证分析 8
结 论 10
参 考 文 献 11
致 谢 12
