Disclosure Of Overall Performance Information Of The Listed Company

Information disclosure can be regarded as the power for development of capital market, since it is the basis of market"opening"requirement. Also, it is at the edge of modern economics development. In order to protect stakeholders'benefits and improve stock market, information disclosure is founded and developing with limited company and stock market. Information disclosure of listed company is the basis for development of stock market and the guarantee for stock investors. It is also the core content in legal system. With the development of economy and knowledge economy, non-financial index, which has been ignored for a long time, will play an important role in the future.This paper analyzes the rule and situation as well as bug of information disclosure in China, responded to basic theory existing in China and overseas. According to points of DiPiazza, CEO of Priuce Waterhouse Coopers (PWC), said in National journalism Club Seminar, it is advised that information disclosure framework should be founded based on the theory of Balanced Scorecard (BSC) and Three-Tier Model.The theory of information disclosure framework can resolve the problems of missing and useless information. It makes listed company disclose its financial information as well as other information, which can make information disclosure more completed and effective.This paper contains five sections as follows:(1)IntroductionIt introduces the background, objectives of the information disclosure study as well as structure of this paper.(2) Relevant TheoriesBased on the references, the part analyses the inadequacy of information disclosure and meaning of performance. In addition, it will explain the index of performance according to BSC.(3) Meanings of Information Disclosure & Problems with Existing Regulation Information disclosure is important to both internal management and information user outside. First, it can increase the credibility of management. Second, it can attract more long-term investors. Third, it can attract more attention from analyst. Fourth, it is another way to get financing. Finally, it helps market pricing. There are three problems existed in regulation which limited to financial information disclosure only. First, it does not meet the on time requirement. Second, it increases possibility of faking. Third, information user focuses on financial issue only.(4)Framework of Overall Performance Information Disclosure According to foreigners'study, the framework of overall performance information disclosure is divided into three levels—general accounting rules, statistics and report rules, guideline for company information. This part also analyzes each level in details.(5) Framework of Overall performance information Disclosure for Retail CompanyBased on the analysis above and real world of retail listed company in China, it gives a way to establish the retail listed company information disclosure.This paper focuses on the problems in stock market. Therefore, it is a update and creative study. Based on the experience and theory of information disclosure taken before, this paper is the beginning of study overall performance information disclosure for listed company.