Ownership Structure To Study The Impact On The Quality Of Information Disclosure

Public companies to disclose information will affect investors evaluate the value of the company directly, affect the government micro-control of the business and investor decision-making. however,a series of financial of fraud, making the quality of information disclosure Become increasingly prominent. Chinese listed companies are facedwith complicated agent problems.The agent problems raised by the shareholding structure will ultimately haveinfluence on the performances,the governance structure and the the quality of information of Chinese listed companies. The disclose information is provided by the managers,and its reliability degree is affected by operating motivation and action of the limited rational managers.And the running action of managers is affected by mode of the large shareholder performing rights in certain ownership structrue,so the controlling share of the largest shareholder is related with the information quality.This paper selects 2007-2009 in the Shenzhen Stock Exchange listed companies as samples, Normative research and empirical analysis using the combination of qualitative and quantitative analysis methods to study the controlling shareholder agency under the premise of the impact on the quality of information disclosure, The results showed that the proportion of controlling shareholders, agency costs of debt, equity balance degree of information disclosure quality significantly, confirming the hypothesis proposed in this paper.Put forward some suggestions(:1)to strengthen the supervision of the controlling shareholders, improve the control mechanism for controlling shareholders.(2)improve the quality of information on the legal protection(.3)and expand the share of tradable shares, the development of institutional investors, the establishment and capital market manager supporting the market.The thesis is divided into six chapters. Chapter one is Introduction, literature review of chapter two, Chapter three is theoretical analysis and research hypothesis, research design of chapter four, Chapter five is statistical analysis, conclusions and recommendations of Chapter six .