XBRL Financial Report Disclosure Format And Study On The Relationship Between The Equaity Capital Cost

China,as the largest and fastest growing emerging markets and the world's second largest economy,more and more important for global investors,so,The financial information disclosure listed of our country companies has been widespread interest.Constantly improve the quality of information disclosure has been the regulators and investors eager to things.By using the advanced technology and reasonable guide our country capital market more transparent information disclosure,rationalization,Will make the capital market resources effectively configuration,promote our country economy faster.In recent years,due to the rapid development of information technology,to improve the quality of information disclosure development also has a certain role in promoting.In order to deal with more and more important enterprise financial information disclosure,to makes financial data easier and wider circulation,for several years to develop a global enterprise financial report data standards,XBRL XBRL as a relatively innovation network financial report,different from the traditional financial report,it through the exchange of information between different applications and systems that benefit all members of the financial information supply chain.XBRL network financial report can improve the quality of financial information,by reducing information asymmetry and improve the information transparency to reduce the cost of capital.Based on the review of domestic and foreign research on information disclosure quality and the cost of capital,on the basis of this new type of financial reporting,proposed the XBRL generation and development.Introduced the concept of financial information disclosure and the cost of equity capital,and introduces the way to measure the quality of information disclosure and the equity capital cost estimation model,determine the estimating model of this paper used index(PEG).Put forward the relevant theories of information disclosure and the cost of equity capital,as well as information disclosure mechanism of equity capital cost.On the basis of these theories,put forward the hypothesis of this article,and build the multiple linear regression equation.Market risk,company size,financial leverage,book value ratio,profitability,asset turnover ratio index as control variables,use the shenzhen stock exchange six years of financial data as the samples,Through descriptive statistics,t-test,and Z test,correlation analysis and regression analysis to the empirical test,the model that XBRL financial report and the equity capital cost significantly positively related to the conclusion.Finally,based on our theory and results from micro,meso and macro three aspects put forward its own Suggestions,and expounds the shortage and limitation of this article.