Research On Motivations And Its Governance Of Listed Companies’ Information Disclosure Violation

In recent years, the rapid development of securities market, all over the worldfinancial fraud is becoming increasingly prominent. In the international context, China’slisted companies’ information disclosure violations showed increasing trend, this is notonly a test of China’s securities market, the normal development of the securities markethas also become a stumbling block. This not only makes the investors and stakeholders,especially the interests of small investors under serious threat. Thus, our top priority isto be disclosed through the analysis of the information of listed companies breach ofmotivation to find out the specific impact factors and timely offending companygovernance, thereby reducing the possibility of information disclosure violationsoccurred.Firstly, proceed from the analysis of the theoretical basis of information disclosureof listed companies, to define the concept of information disclosure and analysis ofinformation disclosure of listed companies in breach of expression and informationdisclosure system development course, and then use the commission on behalf theory,asymmetric information theory, effective market hypothesis and corporate fraud triangletheory analysis of information disclosure violations motives and reasons. Followed fromthe two major aspects of the corporate governance structure, financial factors,assumptions, definition of variables and build models and use SPSS17.0software,descriptive statistics and non-parametric tests of the underlying assumptions of theimpact of China’s listed companies’ information disclosure violations factors empiricalanalysis last Logistic regression analysis and come to the conclusion of this article.Finally, according to the conclusions of the listed companies’ information disclosureviolation governance countermeasures.