TY - GEN
T1 - A research on the correlation between MD&A Disclosure and Financial Performance
AU - Li, Hui Yun
AU - Zhang, Lin
N1 - Publisher Copyright:
© 2014 IEEE.
PY - 2014/10/17
Y1 - 2014/10/17
N2 - In early 2012, Shanghai Stock Exchange of China promulgated No. 5 Memorandum on Annual Reports of Listed Companies for 2011 - Requirements on Preparation of Management Discussion and Analysis (the 'Requirements'), further specifying the way of disclosing some contents, and further stressing the importance of disclosure of management discussion and analysis ('MD&A') in light of standards. This proves that MD&A is receiving the growing attention of the regulator. This paper created quality assessment indicators for MD&A disclosure according to the Requirements, selected 220 manufacturing companies listed on Shanghai Stock Exchange as the research sample and developed a regression model. Through collection, sorting and analysis of sample data of 2010 and 2011, it was found that the quality of MD&A disclosure is positively correlated with the financial performance of the current period, and can be used to forecast future financial performance.
AB - In early 2012, Shanghai Stock Exchange of China promulgated No. 5 Memorandum on Annual Reports of Listed Companies for 2011 - Requirements on Preparation of Management Discussion and Analysis (the 'Requirements'), further specifying the way of disclosing some contents, and further stressing the importance of disclosure of management discussion and analysis ('MD&A') in light of standards. This proves that MD&A is receiving the growing attention of the regulator. This paper created quality assessment indicators for MD&A disclosure according to the Requirements, selected 220 manufacturing companies listed on Shanghai Stock Exchange as the research sample and developed a regression model. Through collection, sorting and analysis of sample data of 2010 and 2011, it was found that the quality of MD&A disclosure is positively correlated with the financial performance of the current period, and can be used to forecast future financial performance.
KW - correlation
KW - financial performance
KW - management discussion and analysis
KW - quality assessment indicator system
UR - http://www.scopus.com/inward/record.url?scp=84908461180&partnerID=8YFLogxK
U2 - 10.1109/ICMSE.2014.6930389
DO - 10.1109/ICMSE.2014.6930389
M3 - Conference contribution
AN - SCOPUS:84908461180
T3 - International Conference on Management Science and Engineering - Annual Conference Proceedings
SP - 1359
EP - 1364
BT - International Conference on Management Science and Engineering - Annual Conference Proceedings
A2 - Lan, Hua
A2 - Yang, Yu-Hong
PB - IEEE Computer Society
T2 - 21th Annual International Conference on Management Science and Engineering, ICMSE 2014
Y2 - 17 August 2014 through 19 August 2014
ER -