Short-selling Mechanism Can Improve the Readability of Corporate Financial Statements

Hanzhi Qin

doi:10.47297/wspceWSP2516-251904.20230702

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Short-selling Mechanism Can Improve the Readability of Corporate Financial Statements

Volume 7, Issue 2

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Short-selling Mechanism Can Improve the Readability of Corporate Financial Statements
School of Accounting and Finance, Hong Kong Polytechnic University, Hong Kong,100872, P. R. China
Vol. 7, Issue 2, Pages: 42-49(2023)
Published： 25 April 2023 ，
DOI：10.47297/wspceWSP2516-251904.20230702

Full txt

Qin Hanzhi.Short-selling Mechanism Can Improve the Readability of Corporate Financial Statements[J].Creative Economy,2023,07(02):42-49.
DOI：

Qin Hanzhi.Short-selling Mechanism Can Improve the Readability of Corporate Financial Statements[J].Creative Economy,2023,07(02):42-49. DOI： 10.47297/wspceWSP2516-251904.20230702.

摘要

Abstract

In this paper

whether all listed companies are included in the short sellable list during the 12-year period from 2010

when the short selling mechanism was introduced in China

to 2022 is taken as the independent variable

the readability of corporate financial statements is taken as the dependent variable

and the size of the enterprise

etc. is taken as the control variable. Using the method of least squares regression

Stata is used to study whether the short selling mechanism can effectively improve the readability of corporate financial statements and further study the mechanism of its impact. After the study

it is found that whether it is on the short-selling list has a greater impact on the readability of the financial statements of the enterprise

i.e.

the introduction of the short-selling mechanism can effectively enhance the readability of the financial statements of the enterprise and improve the quality of the enterprise's information disclosure.

关键词

Keywords

Short sellingShort selling mechanismReadability

references

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Research on the impacts of China's existing short selling mechanism on the financial information transparency of Internet enterprises

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