The Usefulness Research On The Interim Financial Report Of Listed Company In China

Since the stock exchange of Shenzhen and the stock exchange of Shanghai were established in the beginning of 90's last century, our country's stock supervising institutes of all levels have been taken efforts on resolving the problems of the capital market information dissymmetry and increasing the capital market effectiveness. The timely and effective disclosure of the information about listed companies is the important method that could solve the problems of information dissymmetry between trustier and trustee and increasing investors'decisions accuracy .As the listed company finance report is used as the main carrier of its information, its form, contents and frequency of disclosure is the common concerns of theory field and practice field.The interim financial report in our country (it means the quarterly report in this text),which is the important complement for the listed company's yearly financial report and the main part of the period reports, is also experiencing the process from voluntary disclosure to compulsive disclosure ,from various forms to the unique format .In December of 2001,the Ministry of Finance promulgated"Enterprise Accounting Standards-the interim financial report", requesting all the listed companies must use the uniform style to publish the quarterly report. Till today, the disclosure have been going on for more than 3 years, the study about quarterly report is very limited and the studies that have been done is also confined to the kind of description and introduction .The study of quarterly report which is really based on listed companies is fewer and a lot of problems on quarterly report haven't been studied systematically.Theoretically, what is actually the target of the interim financial report ?What are the reasons for the appearing of the interim financial report and what is the realistic basis of the interim financial report ?In practice ,after the"Enterprise Accounting Standards-the interim financial report"has been promulgated ,have the interim financial reports published by our country's listed companies fulfilled its primary task ?The above questions are the reasons that author begins relative studies.