Research Progress on the Impact of Non-Financial Information Disclosure on the Hub Function of the Capital Market

Xixi Ye; zhanhao zheng

doi:10.62177/chst.v1i4.139

Authors

Xixi Ye
zhanhao zheng Wenzhou Polytechnic

DOI:

https://doi.org/10.62177/chst.v1i4.139

Keywords:

Non-Financial Information Disclosure, Capital Market Hub Function, Financial Supervision

Abstract

Compared with traditional financial information, non-financial information accounts for a larger proportion of the company's external disclosure, has a more flexible form of expression, and has more diverse release channels. It is more likely to affect the hub functions of the capital market, such as asset pricing, resource allocation, and risk management, and also brings new opportunities and challenges to market supervision. However, both in theory and practice, there is still a lack of in-depth understanding of the impact of non-financial information disclosure on the hub function of the capital market. Therefore, this article sorts out the definition and disclosure motivation of non-financial information, and reviews and analyzes the literature on its impact on the hub function of the capital market in terms of economic consequences, impact mechanism, and regulatory research, in order to provide meaningful reference and reference for capital market supervision and resource allocation.

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