Abstract
61 A-share military listed companies are taken as example, and their MD & A informations disclosed in 2010, 2011 and 2012 annual reports are studied. The MD & A information quality of Chinese military listed companies is analyzed by establishing an evaluation index system of MD & A information quality. The research results show that MD & A information disclosure quality of Chinese military listed companies is not high, however, the MD & A disclosure level of military listed companies increased year by year in 2020-2012. The quality of disclosed historical information is higher than that of disclosed forward-looking information, and the quality of disclosed mandatory information is better than that of voluntary information. There exists no significant difference between MD & A information disclosures of military and non-military listed companies.
| Original language | English |
|---|---|
| Pages (from-to) | 52-57 |
| Number of pages | 6 |
| Journal | Binggong Xuebao/Acta Armamentarii |
| Volume | 34 |
| Issue number | SUPPL.2 |
| Publication status | Published - 2013 |
Keywords
- Enterprise management
- MD&A
- Military industry company
- Voluntary information disclosure