Determinants and Consequences of Illegal Information Disclosure: Evidence from Gangzhou Langqi

Xinshuo Wang

doi:10.54691/bcpbm.v30i.2413

Authors

Xinshuo Wang

DOI:

https://doi.org/10.54691/bcpbm.v30i.2413

Keywords:

Guangzhou Langqi; Illegal information disclosure; Event Study.

Abstract

The accounting information disclosed by listed companies is the intermediary between companies and investors, so the premise of accounting information disclosure of listed companies is open and true. However, there are many listed companies for their own interests, so as to disclose information fraud, which leads to the disclosure of illegal information. Now, listed companies disclosure of illegal information emerge in endlessly, repeatedly banned. Taking the violation information disclosure of Guangzhou Langqi as an example, this paper analyzes the motivation of violation information disclosure of listed companies and its impact on the company itself. Finally, it discusses how to govern the disclosure of illegal information of listed companies from the internal and external dimensions.

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