Study on the Effects of the Performance of Thematic Tourism Listed Companies on Voluntary Information Disclosure

摘要

Based on the review of the relevant theory and empirical research of listed tourism companies’ voluntary information disclosure and performance. This paper selects 11 thematic tourism listed companies in Shanghai and Shenzhen Stock Exchange as the research samples, and applies empirical analysis to discuss the relationship between voluntary information disclosure and corporate performance of thematic tourism listed companies. The results show that: the overall level of voluntary information disclosure in China’s thematic tourism companies is moderate, and shows the trend of increasing year by year; The Return on Equity, Turnover of Total Assets and the Operating Income Growth Rate are positively related to the disclosure of voluntary information, and the Debt to Asset Ratio is negatively related to the disclosure of voluntary information.