The United States established the initial information disclosure system of the securities market in the Securities Act of 1933, and the continuous information disclosure system of the securities market in the Securities Exchange Act of 1934. With the development of economic globalization, the information disclosure system has also been widely used in the capital market rules of various countries, playing a huge role in safeguarding the rights and interests of investors and the order of the capital market.
The quality of financial information disclosure of listed companies directly affects the investment decisions of investors and the operation of the market. Only on the basis of full disclosure of financial information can investors make wise investment decisions and the market can operate more fairly and stably; on the contrary, if the financial information disclosure of listed companies is inaccurate and insufficient, it will seriously affect investors' investment judgments and cause stock market fluctuations.
CnOpenData refers to scientific calculation methods and sorts out the quality information of financial report disclosure of US listed companies from 1950 to 2017, which helps 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 interval
1950-2017
Data size
Field display
| Field table of data on the quality of information disclosure in financial reports of listed companies in the United States |
|---|
| Enterprise identification number-1 |
| Enterprise identification number-2 |
| Financial report closing date |
| Income statement information disclosure quality |
| Balance sheet information disclosure quality |
Sample data
| Enterprise identification number- 1 | Enterprise Identification Number-2 | Financial Report Closing Date | Income Statement Information Disclosure Quality | Balance Sheet Information Disclosure Quality |
|---|---|---|---|---|
| 23052 | 21303 | 06/30/1991 | 0.50324 67 | 0.7967278 |
| 23052 | 21303 | 06/30/1992 | 0.6103896 | 0.8273064 |
| 230 52 | 21303 | 06/30/1993 | 0.5411255 | 0.8277944 |
| 23052 | 21303 | 06/30/1994 | 0.4772727 | 0. 8093268 |
| 23 052 | 21303 | 06/30/1995 | 0.75 | 0.8144317 |
| 23052 | 21303 | 06/30/1996 | 0.6082252 | 0.748959 |
| 23052 | 21303 | 06/30/1997 | 0.6071429 | 0.4874918 |
| 1000 | 32102 | 0.32 25108 | 0.5412456 | |
| 1000 | 32102 | 12/31/1971 | 0.4880953 | 0.5036798 |
| 1 000 | 32102 | 12/31/1972 | 0.3712121 | 0.4686013 |
| 1000 | 32102 | 12/31/1973 | 0.4426407 | 0.4 89704 |
| 100 0 | 32102 | 12/31/1974 | 0.2164502 | 0.649516 |
| 1000 | 32102 | 12/31/1975 | 0.4945888 | 0.6177025 |
| 1000 | 32102 | 12/31/1976 | 0.4945888 | 0.5808503 |
| 1000 | 32102 | 0.3 885281 | 0.5758033 | |
| 1001 | 165100 | 12/31/1983 | 0.5422078 | 0.4190725 |
| 1001 | 165100 | 12/31/1984 | 0.5822511 | 0.7517225 |
| 1001 | 165100 | 12/31/1985 | 0.4274892 | 0.6695833 |
| 209106 | 12/31/1987 | 0.5941558 | 0.4999881 | |
| 13592 | 209106 | 12/31/1 988 | 0.5941558 | 0.5567815 |
| 13592 | 209106 | 12/31/1989 | 0.3106061 | 0.5029169 |
| 13592 | 209106 | 12/31/199 0 | 0.2748918 | 0.5173907 |
| 13592 | 209106 | 12/31/1991 | 0.5703463 | 0.5211188 |
| 13592 | 209106 | 12/31/1992 | 0.7132034 | 0.48636 |
| 178698 | 307108 | 12/31/2014 | 0. 6233767 | 0.8469308 |
| 178698 | 307108 | 12/31/2015 | 0.6103896 | 0.8825766 |
| 178698 | 307108 | 12/31/2016 | 0.7186147 | 0.8637702 |
| 178698 | 307108 | 12/31/2017 | 0.3290043 | 0.3859496 |
| 1002 | 352104< /td> | 12/31/1972 | 0.4426407 | 0.3563992 |
| 1003 | 354100 | 12/31/1983 | 0.5909091 | 0.6515349 |
| 1003 | 354100 | 12/31/1984 | 0.6428571 | 0.6419591 |
| 1003 | 354100 | 01/31/1 986 | 0.7738095 | 0.6905664 |
| 1003 | 354100 | 01/31/1987 | 0.7738095 | 0.6748492 |
| 1003 | 01/31/19 88 | 0.5324675 | 0.6496198 | |
| 1003 | 354100 | 01/31/1989 | 0.461039 | 0.6719915 |
| 21542 | 12/31/1991 | 0.54329 | 0.8601332 | |
| 21542 | 360206 | 12/31/1992 | 0.5 551948 | 0.8512993 |
| 21542 | 360206 | 12/31/1993 | 0.3484848 | 0.8455463 |
| 21542 | 360206 | 12/31/1994 | 0.47 94372 | 0.7744523 |
| 21542 | 360206 | 12/31/1995 | 0.4794372 | 0.7576852 |
| 21542 | 360206 | 12/31/1996 | 0.4805195 | 0.7505718 |
| 21542 | 360206 | 12/31/1997 | 0.4794372 | 0.7717032 |
| 360206 | 12/31/1998 | 0.4794372 | 0.7630935 | |
| 21542 | 360206 | 12/31/ 1999 | 0.4805195 | |
| 21542 | 360206 | 12/31/2000 | 0.45671 | 0.7704882 |
| 21542 | 360206 | 12/31/2001 | 0.45671 | 0.8655782 |
| 21542 | 360206 | 12/31/2002 | 0.4675325 | 0.9155362 |
| 21542 | 360206 | 12/31/2003 | 0.4675325 | 0.9218999 |
| 21542 | 360206 | 12/31/2004 | 0.65 90909 | 0.8667225 |
| 21542 | 360206 | 12/31/2005 | 0.6590909 | 0.867733 |
Related literature
- Sh uping 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.
- Theodore E. Christensen, Karson E. Fronk, Joshua A. Lee, Karen K. Nelson,Data visualization in 10-K filings,Journal of Accounting and Economics,Volume 77, Issues 2–3,2024,101631,ISSN 0165-4101,https://doi.org/10.1016/j.jacceco.2023.101631.
- 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.
li>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
Data update frequency
Annual update