Research On The Influencing Factors Of Listed Companies’ Internal Control Information Disclosure

In the modern enterprise system, internal control is a part of corporate governance. In recent years, a series of foreign and domestic financial frauds have revealed the out of control of internal control, so both the regulatory authorities and the investors have taken more emphasis on the information disclosure of internal control in the public companies. As a result, in2002the United States published the Sarbanes-Oxley Act that required all the public companies to reveal their internal control information. Shanghai Stock Exchange and Shenzhen Stock Exchange one after another have published The Guidelines for Internal Control of Listed Companies in2006.It is the symbol of Mandatory disclosure stage in China. In2008,the Finance Ministry and other four ministries published The Basic Standards of Internal Control, which is useful for the listed companies in China to improve internal control system. Though the disclosure of internal control information, not only the clients can know more about the production and business operation, Construction and implementation of internal control, but also it is a good-way for increasing administering authority’s awareness of internal control. Based on this, the internal control and corporate governance can be improved. Through the combination of normative and empirical study methods, this paper want to discuss the impact on listed company’s internal control information disclosure about the internal and external corporate governance.This paper is divided into five chapters. The first part is the introduction. In view of the current situation, it states the background and significance of the research on internal control information disclosure. Then on the basis of studying on relevant domestic and foreign research, the author indicated the research purpose and method, and also the innovation and deficiencies. The second part is about the basic theories. Firstly, it introduces the concept about corporate governance, internal control, and internal control information disclosure. Secondly, the author focused on principal-agent theory, the information asymmetry theory and signal transmission theory.The third part is study on information disclosure of internal control about corporate governance. On the basis of introducing the public listed company’s situation, this section pay close attention to the impact on listed company’s internal control information disclosure about the internal and external corporate governance. The fourth part is the empirical analysis. Firstly, put forward relevant hypothesis,and then choosen the sample from the listed companies of Shenzhen and Shanghai Stock Exchange. Secondly, Set of explain variables and be explained variables and ascertain the model. Thirdly, it tests the hypothesis in SPSS. The fifth part is the conclusion. This discuss is basic on the result of the theory and empirical analysis. Therefore, we should improve public listed company’s internal control information disclosure from internal and external corporate governance. At last, this paper put forward the prospect of research.The innovation and characteristics of this paper is in two aspects.First is the content of the study, in the past the research put emphasis on the internal corporate governance. This paper discussed the impact on listed company’s internal control information not only from internal corporate governance but also from external corporate governance.So the research made up for the deficiency of external management. Second is the Empirical perspective, different from the relevant paper of before, this paper selected a specific time. It selected the data of2009and2010of A shares of non-financial listed companies in our country for empirical research which used ten indexes from internal and external management. Based on this, this paper put forward specific proposals to improve our country’s internal control information disclosure level.The conclusion of this paper is good for our country to regulate internal control disclosure relevant system and improve the quality and quantity of our country’s internal control information disclosure.