Back Issues 11-20

EFFECT OF COMPANY ACCOUNTING INFORMATION
TRANSPARENCY ON BUSINESS PERFORMANCE FROM
A FIRM LIFE CYCLE PERSPECTIVE

Jian-Ning, Chen
Senior accountant, Department of Accounting and Auditing, Guangxi University of Finance and Economics, Nanning, Guangxi, China, This email address is being protected from spambots. You need JavaScript enabled to view it.

Ruo-Xi, Sun
Master, Department of School of Business, Macau University of Science and Tech-nology, Macau, China,This email address is being protected from spambots. You need JavaScript enabled to view it.

Meng-Zhuo, Tan
Master, Department of School of Business, Macau University of Science and Tech-nology, Macau, China,This email address is being protected from spambots. You need JavaScript enabled to view it.

Sui, Sun
Lecturer, Department of Management Science and Engineering, Guangxi University of Finance and Economics, Nanning, Guangxi, China,2601736933@qq,com

Abstract

Since 2001, the Shenzhen Stock Exchange has implemented grading system for listed companies’ accounting information transparency. Subsequently questions regarding the impact of company accounting information transparency on business performance have attracted increasing attention. Using annual data from the period 2007 to 2016 of A-share manufacturing companies listed on the Shenzhen Stock Exchange, the present study employs a panel data approach to investigate the impact of accounting information transparency on business performance from a firm life cycle perspective. The empirical results indicate that accounting information transparency at any stage of a firm’s life cycle has a significantly positive impact on business performance.

Keywords: firm life cycle, accounting information transparency, business
performance