Disclosure Of Inlfuencing Factors Based On The Perspective Of Internal Governance Of Listed Companies Control Information

At home and aborad in recent years, financial fraud cases happened frequently, theproblem of the company is a common characteristic,the construction of internal control is notsound, most of the companies existed the defect in the internal control system of the execution.After these events investors began serious doubts about the listed company’s internal controlsystem, investors demanded for more internal control information, that increased pressure oncompanies to disclose internal control information. Internal control information in the processof the management and development of the enterprise occupies very important position,andhave a direct link between enterprise’s financial position, operating results. Disclosuringinformation of internal control can effectively solve the conflict of interest between investorsand managers because of the principal-agent relationship,the relationship will bringinformation asymmetry. In at the same time, investors can understand the enterprise internalcontrol design, execution process more fully. Internal control system also allows authoritiesturn a conscious initiative to improve corporate.Internal control system also allows authoritiesturn a conscious initiative to improve corporate, processing defects in internal control timely,propose appropriate corrective measures against defects. In modern corporate governancestructure is the core of enterprise management systems, the nature of the ownership structureof the configuration, the shareholders, the size of the size of the board of supervisors belongto the scope of the corporate governance structure, improve the governance structure forimproving the internal control information disclosure level plays a crucial role in internalcontrol to raise the level of information disclosure to improve the corporate governancestructure will play a positive role. In this paper, a method to select multiple linear regressionanalysis using the model to analyze the relationship by building information disclosurebetween corporate governance structure and internal control, the majority of previous studiesin this area using standard research methods, this paper a breakthrough in this regard, the useof theoretical and empirical research methods are combined this analysis more convincing.The thesis is divided into five parts. The first part is a review of the internal controlinformation disclosure and corporate governance-related research literature, noted previousresearch literature in this area is limited to the existence of the study and pointed out that the innovation of this study and shortcomings, propose this article the overall course of the study.The second part is the theory expounded part; summarizes the information disclosure ofinternal control of the development process, the internal control of information on the currentstatus and problems of disclosure be described, explained corporate governance, internalcontrol, internal control concepts as well as the specific content of information disclosure,made on the basis of both theoretical research and systematic analysis of the relationship ofmutual influence between the information disclosure of corporate governance structure andinternal control. The third part of the theoretical basis of the preceding analysis, select166motherboard company in2012in the Shenzhen Stock Exchange and Shanghai StockExchange as the study sample, the use of EXCEL spreadsheet for data collation, researchhypotheses; according to the study hypothesis defined variables; selected internal controlinformation disclosure index as the dependent variable, the proportion of state-owned sharesshareholding proportion of the largest shareholder,equity restriction,board size, theproportion of independent directors, the chairman and general manager and board ofsupervisors are concurrently scale as explanatory variables, in order to reduce other impact ofnon-disclosure of corporate governance factors on the degree of the scale of the company inthis article and profitability of the Company as the control variable is introduced. Constructedusing content analysis of internal control information disclosure index, informationdisclosure of internal control textual representation of numerical quantification; Part IVempirical analysis; using descriptive statistical analysis method for the distribution ofinformation disclosure of internal control index for statistical analysis, the corporategovernance structure of the characteristic variables also for statistical analysis, describing itsbasic distribution of the variables listed in the company. Use of multicollinearity analysismethod to study whether there is collinearity among the variables; using multiple linearregression analysis, regression model, based on the results of empirical analysis to verifywhether the established hypothesis were analyzed stake owned shares, the largest shareholderstake, equity restriction, board size, the proportion of independent directors, board ofsupervisors size, company size and profitability and internal control relevant informationdisclosures. The fifth part,based on theoretical analysis and empirical findings of theforegoing, the proposed policy recommendations based on the corporate governance structure,the study points out the limitations of this paper, presented research expectations.