Disclosure Behavior of Annual Reports of Listed Companies Under Digital Worship

  • Xiaojing XuEmail author
Conference paper
Part of the Lecture Notes on Multidisciplinary Industrial Engineering book series (LNMUINEN)


Digital worship is widely used in China. Does this phenomenon also affects the China’s stock market? Does Digital Worship influence the choice of disclosure time of listed companies’ annual reports? Through the empirical analysis for stock market of China, it founds that the listed companies’ behavior of timing of annual reports released is affected by the short-term influence of digital worship, which is a new market phenomenon. The research of this paper has reference significance for investment decision-making, risk management and understanding the behavior of listed companies and investors.


Digital worship Annual report disclosure Auspicious day 



This paper is supported by The Ministry of Education of China and Doctoral Program of Specialized Research Project Fund Project (No. 20120184110021).


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Copyright information

© Springer International Publishing AG 2018

Authors and Affiliations

  1. 1.Chongqing Technology and Business UniversityChongqingThe People’s Republic of China

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