Information Disclosure and Corporate Earnings Management: A Textual Analysis Based on the Annual Report

摘要

When enterprises disclose information, management, as the information supplier, usually uses surplus means to improve the self-interest to whitewash the contents of the annual report. The text analyzes and quantifies the risk information in the annual report by grabbing the annual report of all A-share listed companies from 2010 to 2017, and examines the impact of disclosure level on the quality of corporate information. The research results show that the annual report disclosure level is positively correlated with the information quality. The more the risk disclosure, the higher the information quality. This research is beneficial to the company's information users to make a reasonable assessment of the risks and values of the company, and to improve the company's internal management.