The Study On The Effects About Information Disclosure Of Internal Control Of Listed Companies

Recently, earnings manipulation for many investors and our country’s gradually mature stock market trading mechanism becomes more and more important. Earnings management has become a priority among priorities regulators for the inspection of the listing Corporation, especially since the subprime crisis,is the core of people’s attention.For the manipulation of earnings, from the company’s internal point of view, the best way is to restrain and control through the. corporate governance structure.This is mainly because the two are derived from the principal agent theory.Secondly, the management of the enterprise can carry on the supervision and management of all the personnel of the enterprise, and inhibit earnings directly manipulation occur.All the opinion above, we put the governance as a foundation, how to study the relationship between corporate governance and earnings manipulation.From the structure of this thesis, we first summarize the concept of the essay,Secondly, we introduce the theoretical basis, lastly, to carry on the regression analysis using the research methods of statistics, studying the relationship between. The specific contents:one is to use earnings management model, so to verify the model is valid, The relationship between second parts of three variables we mainly study the corporate governance and earnings management, Finally, summed up the seven assumptions, the data is2009-2013years, listed in Chinese so real estate listing Corporation, is mainly studied with the method of regression analysis. The third part and the second part is similar, the main difference lies in the research the influence of the corporate governance structure of real earnings manipulation and how to affect them.The next empirical research into three parts. First, regression analysis to prove the validity of accrual earnings management and real earnings management model. Second, the ownership structure from three aspects of corporate governance structure, board characteristics and features of the Supervisory Board, puts forward the corporate governance structure of earnings management affect the accrual of nine theoretical assumptions, selected years2009-2013in Shanghai and Shenzhen listed companies as research subjects analysis, using the method of least squares regression to test the hypothesis. Third, the least squares regression statistical analysis between variables for real earnings management and corporate governance.The results showed that(1) there is nothing correlate between earnings management and the ratio of the largest shareholder, the proportion of the second to the fifth largest shareholding and board size, the proportion of independent directors, board of supervisors meeting (2) the relationship between Earnings Management and served as chairman of the board, general manager shows a significant positive correlation and the relationship with the proportion of outstanding share shows significant negative correlation.(3) there is nothing correlate between real earnings management and the proportion of the second to the fifth largest shareholding and board size, the proportion of independent directors, served as chairman of the board, general manager.(4)the relationship between the Earnings Management and the ratio of the largest shareholder shows a significant positive correlation and the relationship with the proportion of outstanding share and board of supervisors meeting shows significant negative correlation.As the final will study the corporate governance in those key factors can effectively inhibit the earnings manipulation behavior, so it can be on the real estate industry boss pointed out a light, effectively carry on effective management to the company’s earnings. Second,2009-2013Chinese real estate listed companies in Shanghai and Shen zhen Stock Exchange data used as a sample. Conduct a full sample regression, based on that the paper shows the relationship between the corporate governance and earnings management.2013data is the first use of the current study. This contribution complements our existing empirical research, contribute to a more in-depth study to quantify.Third, the subjects locked listed real estate companies,this paper match the influence between corporate governance to accrued earnings management and real earnings management,in previous studies there is no precedent, this article is first proposed.