Font Size: a A A

Study On The Relationship Between Corporate Governance And Voluntary Disclosure In Chinese Listed Companies

Posted on:2008-02-12Degree:MasterType:Thesis
Country:ChinaCandidate:A N QiFull Text:PDF
GTID:2189360218952610Subject:Management Science and Engineering
Abstract/Summary:PDF Full Text Request
There is a close relation between corporate governance and voluntary disclosure. Corporate governance guarantees the quality of disclosed accounting information through a set of institutional arrangement. Perfect corporate governance can strengthen internal controlling of the company, and can reduce opportunistic behaviors and lower the asymmetry of information, so it has a positive impact on voluntary disclosure of accounting information; in the meantime, the perfection degree of corporate governance restricts the extent of voluntary disclosure. Voluntary disclosure can help to improve the transparency of corporate governance and management, and can eliminate information asymmetry between internal and external people, and promote the improvement of corporate governance.This paper introduces the related references and basic theories of corporate governance and information disclosure, and analyzes the existing problems of corporate governance and accounting information disclosure in detail. Then, with 100 Chinese listed companies in Shenzhen Stock Exchange and Shanghai Stock Exchange as research sample, the paper uses the method of entropy to analyze the annals datum of those listed companies in 2003, 2004 and 2005, and makes a concrete evidence on the association between corporate governance and voluntary disclosure from several aspects which are ownership concentration, the character of the controlling shareholder, the feature of the board of directors, and so on. From the analyzing results, we get the similar conclusions with theoretical analysis. It is true that corporate governance affects voluntary disclosure in aspects of ownership structure, the character of the controlling shareholder, the feature of the board of directors, and other factors, and voluntary disclosure also has influence on corporate governance. Theoretical analysis and concrete evidence research indicate that there are many defects on corporate governance and information disclosure in Chinese listed companies. Finally, the paper expounds some suggestions on how to improve corporate governance and voluntary disclosure.
Keywords/Search Tags:listed companies, corporate governance, voluntary disclosure
PDF Full Text Request
Related items