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, USDataverse 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 Range
1950-2017
Field Description
Sample Data
Update Frequency
Annual Update