Research On Information Disclosure Violation Of Listed Companies Based On The Perspective Of Corporate Governance

Corporate governance is a series of legal,institutional,cultural and institutional arrangements about the method of enterprises organization,control mechanisms,the distribution of benefits,including the relationship between enterprises and all relevant players.Information disclosure violations of listed companies mean that the quality is low,less than the basic quality of the information disclosure requirements.That to a large extent affects the efficiency of the securities market,which has hindered the development of China's securities market.There are various reasons for information disclosure violation,of which corporate governance factor is the deep-seated causes. Many domestic and foreign research mainly focus on a particular aspect of the corporate governance,this article systematically studies the information disclosure violations from the point of corporate governance.By analyzing the information disclosure process,it studies empirically the reasons for the disclosure of information in regulate research from theory,and use the Binary Logistic to empirically study the reasons,which finds a mathematical model to forecast information disclosure violation, as well as important factors of information disclosure violation.This paper includes six chapters:Chapter 1 is introduction;Chapter 2 describes the basic theory related to the corporate governance and disclosure of information;Chapter 3 introduces the situations of information disclosure of China's listed companies and analyzes the reasons for information disclosure violation,firstly it analyzes of the information transfer process,which reveals deep-seated causes of information disclosure violation is corporate governance shortcomings,followed by the situation and defects of listed companies corporate governance in China.Chapter 4,combined with related data from 2004 to 2005 of Shanghai listed companies,it researches the relationship between company's condition of financial and corporate governance and information disclosure by the use of the Binary Logistic;Chapter 5,according to conclusions of regulate research and empirical research,my paper comes up with proposal to improve the corporate governance,hoping to reduce effectively the information disclosure violation of listed companies;Chapter 6 gives a conclusion and insufficiencies.