A Study On The Relationship Between Interior Corporate Governance And Information Transparency In Chinese Listed Companies

In the process of developing our country stock market and establishing modernizing enterprise system, two major problems have aroused the entire society's broad interest. One is the accounting information discloses, another is the company governance. Low transparency level of listed-company is a question of the information discloses system. Some listed-company information even disclose fake information, seriously has disturbed the development of stock market.The quality of information discloses is determined by the structure of company governance which includes exterior governance mechanism and internal governance structure. Company governance is helpful to enhance the company information transparency, eliminates asymmetric information in the Insider and outsider. Share merger reform will have the huge influence to our country company governance structure. But because the legal system consummation and the implementation effect improvement will need a long-term process, at present our country property rights high degree of concentration reality cannot obtain the change in the short-term. So it is especially importantly to strengthen the consummation information discloses the system and enhance the information transparency this time.First part mainly proposes the research background, and determines research object and the method. The second part is the literature summary part, introduces the domestic and foreign related theories. The third part is present situation analysis of governance structure as well as the transparency to our country company. Finally is empirical evidence research of the relationship of interior government structure and information transparency. And data are from finance report of listed-company have A Shares in the Shenzhen & Shanghai stock markets (2002—2005), and hope to provide the theory reference after Share merger reform.