The Case Study On Internal Control Information Disclosure Of The Cross-listing From The View Of Institutional Learning Mechanism

In the background of economic globalization and financial integration, overseas equity financing develops rapidly and aroused strong concern of the whole world. Cross listing Corporation at home and abroad gradually become a hot topic in the international theoretical circles. Promulgated USA Sarbanes Act made the whole world for the listing Corporation information disclosure of internal control of research into a new period. As the development of many rules of information disclosure of internal control in our country, cross listing Corporation need to accept mainland rule regulation that similar to the America Sarbanes Oxley Section 404 since January 1, 2011. The background of this system provides an opportunity for the study of this paper.Therefore, in this dissertation, a research has been made on internal control information disclosure of the cross-listing from the perspective of institutional learning mechanism. First, by fully collecting over the years the annual reports of Sample Firms and related disclosure document basis, we combing disclosure of internal control information of relevant legal norms of the development process in Chinese, Hong Kong, USA, and exploring the institutional learning effect between them. Then our analysis from the institutional learning mechanism in the nations extends to the institutional learning mechanism in the listing company of the banking industry and the insurance industry. Using Case study method with double case, further analyze the institutional learning mechanism in the listing company. By constructing integrated evaluation system of internal control with information entropy model, calculate internal control information disclosure quality index of Bank of China and China Life, etc. Finally, based on case analysis, playing the institutional learning mechanism of advantage of backwardness, that to improve the internal controls information disclosure system of China. In this dissertation, we expect from the external force into the self-evolution, to promote the information disclosure of internal control system in construction of localization of Chinese listing Corporation. We hope to be able to plays the role in the construction of internal control in China.