The Correlation Study On Internal Control Information Disclosure And Corporate Performance

In recent years, a series of fraudulent cases at home and abroad, make theconstruction of internal control and its information disclosure system become a hottopic in research circles domestic and international. Now, in China, the regulatoryagencies have basically constructed internal control standard system.<The enterpriseinternal control basic standard> in2008and <the supporting internal controlguidelines> in2010demand all the listed companies to disclosure internal controlself-assessment report worked out by Board and the audit opinion of accounting firms,and at the same time make some regulations of the disclose and format. The paper basedon this, on the analysis of the manufacturing company’s internal control informationdisclosure, examined the influence of the internal control information disclosure tocorporate performance. This is of great significance to capital market regulators,investors and the company’s managers.This paper firstly ordered lot of literature, and then pointed out the issues ofinternal control information disclosure and the lack of empirical research between it andcorporate performance. To solve this problem, the paper re-sorted the evolution of theinternal control system, and defined internal control and internal control informationdisclosure concept. The paper also pointed out the theoretical analysis basis: asymmetricinformation theory, principal-agent theory and signaling theory. Secondly, the paperaccording to the standard introduced by regulators developed a set of indicatorsevaluating the internal control information disclosure. In this part, the paper used theAHP assigned the indicator, and find the disclosure index. Finally, this paper selectedA-share manufacturing listed companies in Shanghai in years2009and2010as samples,and made internal control information disclosure index and corporate performance tothe study variables, then analysis the relationship between internal control informationdisclosure and corporate performance, which showed the internal control informationdisclosure is positively correlated with corporate performance.