论风险披露与传媒上市公司融资的关系
摘要
有观点认为披露风险信息会自曝短板,增加融资难度。文章通过对2006—2017年传媒上市公司的研究发现,风险披露不仅没有阻碍,反而有助于股权和债务融资。在该结论基础上,提出了缓解传媒上市公司融资困境的两方面建议:在如实披露风险的前提下,还要对未来发展前景做出乐观估计;传媒上市公司应主动弥补自身缺陷,与金融机构开展广泛合作。
引文
[1]李义杰,郑海江.文化企业融资现状、问题及对策研究--基于宁波文化企业的调查[J].中国出版,2016(13)
[2][8]陈瑞.2015-2016中国传媒投融资领域模式创新与风险剖析[J].中国出版,2016(14)
[3]Bushman R.Capital Allocation and Timely Accounting Recognition of Economic Losses[J].Journal of Business,Finance and Accounting,2011(38)
[4]Beatty P,Welch I.Issuer Expenses and Legal Liability in Initial Public Offerings[J].Journal of Law and Economics,1996(39)
[5]Casey J.Variation in Accounting Information Load:the Effect on Loan Officers’Predictions of Bankruptcy[J].Accounting Review,1980(1)
[6]Davis K.Managers’Use of Language across Alternative Disclosure Outlets:Earnings Press Release versus MD&A[J].Contemporary Accounting Research,2012,29(3)
[7]姚颐,赵梅.中国式风险披露、披露水平与市场反应[J].经济研究,2016(7)
[2][8]陈瑞.2015-2016中国传媒投融资领域模式创新与风险剖析[J].中国出版,2016(14)
[3]Bushman R.Capital Allocation and Timely Accounting Recognition of Economic Losses[J].Journal of Business,Finance and Accounting,2011(38)
[4]Beatty P,Welch I.Issuer Expenses and Legal Liability in Initial Public Offerings[J].Journal of Law and Economics,1996(39)
[5]Casey J.Variation in Accounting Information Load:the Effect on Loan Officers’Predictions of Bankruptcy[J].Accounting Review,1980(1)
[6]Davis K.Managers’Use of Language across Alternative Disclosure Outlets:Earnings Press Release versus MD&A[J].Contemporary Accounting Research,2012,29(3)
[7]姚颐,赵梅.中国式风险披露、披露水平与市场反应[J].经济研究,2016(7)