Improve The Disclosure Of Listed Companies Thinking

After more than ten years of development, the security market of our country has already begun to take shape, whose impact on national economy is more and more obvious. But the information disclosure of listed company has been an unavoidable phenomenon of the security market. It has influenced the transparency of the security market seriously, shaken the credit foundation of the security market and brought about heavy losses to the participants especially the individual stock holders. The function of information disclosure has not been given full play. Thus, information disclosure has been the focus of the researchers. The property rights mechanism of the listed company (a legal person) divides the ownership and rights of management. In order to guarantee the effective operation of this mechanism, the scientific corporate governance should be implemented. The optimization of the corporate governance has been another focus all the time. Under this background, it is significant to study information disclosure together with corporate governance. It is generally acknowledged that there is a correlation between information disclosure and corporate governance. But what makes the relation exist? And how the two influence each other? Under the guidance of this thought, the author analyzes the relation between information disclosure and corporate governance, expecting the conclusion to be beneficial to perfect information disclosure and optimize corporate governance. The thesis is divided into two parts: introduction and text. In the introduction, the writing intention, logic structure and definition of relevant problem are stated, and the main concepts are introduced in order to lay a solid foundation for the argumentation of the text. The thought is from theoretical analysis to practical application. The thesis states the origin of their connection starting from the tie between information disclosure and corporate governance. And then it analyses how information disclosure and corporate governance influence each other. Finally it makes several suggestions on how to perfect information disclosure. Normative research and positive research (typical case research) are used in this thesis. Besides the theoretic analyses, there are a lot of typical cases about information disclosure and corporate governance. This has avoided the monotony of research approach and strengthened the conviction of the thesis.The text consists of four chapters: Chapter One: Property rights, corporate governance and information disclosure; Chapter Two: The information disclosure of listed company and its function in corporate governance; Chapter Three: The current situation of corporate governance in our country and its impact on information disclosure; Chapter Four: Several suggestions on perfecting information disclosure of listed company.Chapter One begins with property rights. The property rights have been divided gradually in the historical process of its changes. Following economic development, owner property rights, partnership property rights and company property rights have emerged. The change of property relations is important to information disclosure. The separation between ownership and power of management gives rise to commission-agency. So the emergence of corporate governance, no matter from essence or function, connected with the property rights closely. Based on the analyses above, the thesis introduces property rights and property relations in Section One, and then explains the relationship between corporate governance and information disclosure respectively in Section Two and the Section Three. Finally, it draws the conclusion that the property rights are the tie which connect information disclosure with corporate governance Chapter Two focuses on the information disclosure of listed company and its function in corporate governance. There are two sections in this chapter: Section One explains the information disclosure of the listed company. The information disclosure of listed company is sig...