Research The China's Listed Companies Of Internal Control Information Disclosure Influencing Factors

In recent years, After a series financial fraud were exposed frequently, the information disclosure of causes an extensive focus in domestic and foreign accounting field. Investors in the stock market gradually realize that the measurement of investment value not only lies in a good business performance and potential development, but also the integrate-reasonable-effective internal control and risk management system. Internal Control Guide Of Shanghai Stock Exchange go into effect since July 2006, and Internal Control Guide Of Shenzhen Stock Exchange come into force since July 2007, That maybe a symbol of compulsory information disclosure take the place of voluntarily information disclosure.while it is not long since the regulation of compulsory information disclosure issues, some academic research seem to be a primary exploring stage.In this paper, with the use of public data of China's listed companies from 2008 to 2009 in shanghai and Shenzhen stock exchange A shares (excluding some data when necessary). The paper starts with the conception of relevant internal control, and then describled some theories such as principal-agent theory, asymmetric information theory, signaling theory and attributes of public goods theory.based on current status investigation of information disclosure about listed company and relevant discussion on the background, The essay tries to looking for some influence factors to the degree of the internal control information disclosure of listed company. further instructs a model from three dimensions of corporate basic characteristics,corporate govemanee characteristics and corporate performance,the relationship between influence factor and the degree of the internal control information disclosure of listed company comes into being, combining with this relationship,finally gives some advice about the current situation of internal control information disclosure of listed company.Empirical research of influence factor indicated:the factors such as firm scale, statistical time, listed sites, listed time, ST listed company, ownership concentration, board of directors scale, board of supervisors'scale, proportion of the independent directors, the frequency of board of directors meeting, management shareholding, EPS, types of audit reports and so on have significant correlation with the listed company Internal control Information disclosure. While other factors such as properties of controlling shareholders, chairman of the board and general manager whether two unity or not, ROA and LEV do nothing with the listed company Internal control Information disclosure.different versions regulators of listed company be in the Internal control Information disclosure, which give the listed company a choice to choose a favorable form to release the Internal control Information disclosure, so the regulations were not be executed. During the disclosure, the forms and details of internal control Information disclosure appeared serious difference. Listed company tends to conceal disadvantage messages. The internal control information disclosure needs to strengthen.So we can enhance the level of the listed company internal control Information disclosure, not only by means of drawing up relevant regulations, but also improving the corporate governance institution, internal supervision agencies and profitability.