Introduction to the Data on Financial Report Information Disclosure Quality of U.S. Listed Companies
The United States established the initial information disclosure system for securities markets through the Securities Act of 1933, and the continuous disclosure system through the Securities Exchange Act of 1934. With the development of economic globalization, the information disclosure system has been widely adopted in capital market regulations across nations, playing a crucial role in safeguarding investor rights and maintaining capital market order.
The quality of financial information disclosure by listed companies directly impacts investment decisions and market operations. Only with adequate financial disclosure can investors make informed decisions and markets operate more fairly and stably. Conversely, inaccurate or insufficient disclosure in financial reports can severely distort investment judgments and trigger stock market volatility.
Drawing on scientific computational methods, CnOpenData has compiled Data on Financial Report Information Disclosure Quality of U.S. Listed Companies from 1950 to 2017 to support related research.
- Reference article: Shuping Chen, Bin Miao, Terry Shevlin: A New Measure of Disclosure Quality: The Level of Disaggregation of Accounting Data in Annual Reports. Journal of Accounting Research.
Time Coverage
1950-2017
Data Scale
Field Description
Sample Data
Related Literature
- Shuping Chen, Bin Miao, Terry Shevlin: A New Measure of Disclosure Quality: The Level of Disaggregation of Accounting Data in Annual Reports. Journal of Accounting Research.
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- Cyrus Aghamolla, Kevin Smith, Strategic complexity in disclosure, Journal of Accounting and Economics, Volume 76, Issues 2–3, 2023, 101635, ISSN 0165-4101, https://doi.org/10.1016/j.jacceco.2023.101635.
- Robert Hills, Matthew Kubic, William J. Mayew, State sponsors of terrorism disclosure and SEC financial reporting oversight, Journal of Accounting and Economics, Volume 72, Issue 1, 2021, 101407, ISSN 0165-4101, https://doi.org/10.1016/j.jacceco.2021.101407
Update Frequency
Annual updates