Research On Internal Control Information Disclosure Of Chinese Listed Companies

Bad things must first inner rot, In spite of Asia, Enron’s warning, Due to internalcontrol deficiencies, listed companies in crisis of examples emerge in an endlessstream. Since2001the Enron case exposed the listed company’s internal control linkdefects. Improve internal control of listed companies disclose the degree of perfectionhas gradually become the focus of regulators and investors. Internal control is animportant part of the corporate governance of listed Corporation, and disclosure ofinformation is an important institution foundation to protect the investors’ interests.Improvement of the internal control information disclosure of listed companies is ofgreat significance to improve internal control information transparency, improvemarket efficiency and protect the interests of outside investors.In this paper, the normative research method and empirical research methodcombining, study influencing factors of internal control information disclosure fromthree aspects—corporate governance structure, operating performance, externalsupervision.Firstly, the internal control information disclosure related concepts to explain,domestic and abroad about the internal control information disclosure documents andtheory review. Then select1246Chinese A-share listed companies from2010to2011as the research sample. Use Eviews6.0software through descriptive statistics,correlation analysis and Logit regression analysis for empirical test.The empirical results show that ownership concentration, firm size and accountingfirms reputation were significantly correlated with internal control informationdisclosure levels; The relation between Proportion of independent directors, corporateperformance, type of audit opinion factors and internal control information disclosureare not significant.Based on the results shows that, the current internal control information disclosure oflisted companies lack of motivation, the role of external agencies not been fullyexploited,According to the study conclusions. Author think should be from the company’sinternal governance and external institutional environment, intermediaries regulatedthree aspects to improve the internal control system, improve the quality of internalcontrol information disclosure.The innovation of this paper lies in: Previous studies focused on internalgovernance factors on the impact of internal control information disclosure, This article put external governance factors included in the study, supplemented onprevious studies,because the internal control is difficult to quantify, In this paper, whether listedcompanies issued a separate internal control self-assessment report as a standards tomeasure the level of internal control information disclosure. And from the corporatestructure, Operating performance, external supervision of these three aspects of amore comprehensive study, Than simply consider the corporate governance structureinfluence on the internal control disclosure information in the past, this paperresearch perspective are more innovative.Study on the sample selection, the choice of a particular time and data, from2010to2011China’s Shanghai A shares non-financial listing Corporation’s latestannual report data for comparative analysis, influence factors of internal controlinformation disclosure research,using Logit model regression analysis, a comprehensive study on the impact ofinternal control information disclosure factors, Finally puts measures and suggestionsforward to promote the level of internal control information disclosure.