Impact of Disclosure Violations on Information of Listed Companies -- Taking Guangdong Bobaolon Co., Ltd. as an Example

Abstract

At present, Chinas economy is developing rapidly, but at the same time, the situation of major listed companies in the trading market is also frequent, further optimisation and improvement of the capital market related regulations, the relevant departments to improve the information disclosure of listed companies related system, the companies strictly according to the standards of disclosure and consciously accept the supervision has gradually become the majority of investors desire. This paper is based on the analysis of the information disclosure violation incident of Guangdong Bobaolon Co., Ltd. on 19 March 2021, using short-term event research method and other methods to study the consequences of listed companies information disclosure violation incidents. It is found that listed companies disclosure violation events will have a negative impact on the companys share price, solvency, profitability, etc., as well as affecting the quality of the companys subsequent disclosure and analysts evaluation. Therefore, relevant measures need to be taken.