我国信托公司信息披露测度与影响因素实证研究简

依据信息不对称、信号传递理论与《信托投资公司信息披露管理暂行办法》，首次构建我国信托公司信息披露质量评价体系；对信息披露内容进行改进，单独列示信托公司风险控制机制信息，突出信托公司的高风险特性；根据信托公司产品特征，增加产品市场信息和社会责任信息。通过总体与分组回归分析，研究信息披露质量的影响因素，研究表明，信托公司信息披露质量总体不高；公司规模越大，则信息披露质量越高；信托项目是影响信托公司信息披露质量的重要因素。

A Study of the Measure of Disclosure and Trust Companies＇ Information Affecting Factors

According to information asymmetry theory, signaling theory and Interim Measures on the Information Disclosure Management of Trust and Investment Company, we constructed an evaluation system of information disclosure. The evaluation system listed risk control information separately to show the high risk features of trust companies, and also the evaluation system added some information of product market and social responsibility based on the features of trust companies. Regression results show that the quality of trust companies＂ information disclosure is not high generally. The larger the size of trust company is, the higher the quality of information disclosure will be. Trust project is an important factor to affect the trust companies＂ information disclosure quality.