Are Participants in Bond Market Concerned about the Quality of Information Disclosure: Evidence from Chinese Listed Companies
Read full paper at: http://www.scirp.org/journal/PaperInformation.aspx?PaperID=50429#.VD9BLlfHRK0 Author(s) Huan Luo 1 , Changhai Yu 2 , Ran Su 1 Affiliation(s) 1 School of Economics and Business Administration, Beijing Normal University, Beijing, China . 2 NCS Testing Technology Co., Ltd., Beijing, China . ABSTRACT High quality of information disclosure can reduce the information asymmetry, which is very important to the effective operation of the capital market. This article studies whether participants in bond market are concerned about the quality of information disclosure based on a sample of listed companies in China’s bond market from 2007 to 2013. We find that there is no significant relationship between information disclosure quality a...