Research On The Factors Influencing The Quality Of Information Disclosure Of Baijiu Listed Companies

At present,China is in the process of rapid economic development and industrial restructuring.Effective supervision of listed companies is conducive to the healthy development of the entire securities market.At the same time,with China’s increasing attention to the quality of information disclosure of listed companies,and the continuous innovation of production technology in the Baijiu industry,both the transparency and accuracy of information disclosure are making progress in a good direction.However,the research content on the quality of information disclosure by Chinese scholars is relatively single,and the influencing factors are not comprehensive enough.This article first analyzes the research of domestic and foreign scholars on the quality of information disclosure.Secondly,it elaborated on the relevant concepts of information disclosure and laid the foundation for the research on the quality of information disclosure by combining theory.Then,select 20 Baijiu listed companies,and take the information disclosure quality assessment of Shanghai and Shenzhen Stock Exchanges from 2017 to2021 as sample data.According to its characteristics,select eight influencing factors,namely,operating capacity,assets and liabilities,profitability,enterprise size,equity nature,equity concentration ratio,integration of two jobs and firm size,as independent variables,and build a research model.Finally,the paper makes correlation analysis and regression analysis on the influencing factors of Baijiu listed companies.The results show that:(1)five factors,including business capability,assets and liabilities,enterprise scale,nature of equity,and integration of two roles,affect the quality of information disclosure of Baijiu listed companies;(2)Profitability,equity concentration ratio and firm size are not related to the quality of information disclosure of Baijiu listed companies.Based on empirical research results,propose countermeasures and suggestions from both the internal and government supervision aspects of the enterprise.