The Rsearch For The Internal Control Information Disclosure Based On Comporate Characteristics

Although internal control information is non-financial information, it is exactly an important component of information disclosure for companies. However most of research papers only focus on theoretical exploration which is seldom supported by empirical data. It is, to some extent, theoretically and realistically significant that the dissertation explores relationships between internal control disclosure and corporate characteristics in a manner of combining criterions with empirical research.Firstly, the dissertation reviews literature of internal control information inside and outside China. And then, it demonstrates relationships amongst principal-agent theory, asymmetric information theory, signaling theory, and internal control disclosure as well.Based on research concerned above, it chooses internal control information of all A-share firms for the year 2006 as samples excluding ones from finance sector. it exercises descriptive analysis on the samples. After industrial factors being controlled, regression analysis of A-share firms from manufacture sector shows that results between Shanghai Stock Exchange (SSE) and Shenzhen Stock Exchange (SZSE) are not perfectly matched. To be more specific, three variables, which are firm scale, auditing opinion, and authority of auditing institution, are significant under SSE. One the other hand, variables such as firm profitability, auditing opinion, authority of auditing institution, ownership convergence, proportion of state-owned shares and overseas IPO, are remarkable. However, shows no significance amongst proportion of State-owned shares, financial leverage and data under the two Exchanges.Finally, from listed companies themselves, regulatory institutions, and certified public accountant points of view, the dissertation gives some advice to improve internal control disclosure behaviors of domestic listed companies by considering particularity of securities market in China.