Study On The Factors Of China’s GEM Listing Corporation Effects Of Disclosure Of Internal Control Deficiencies

In the process of China’s economic development, the GEM market will emerge as the times require, GEM is an important part of the listing Corporation. Comparison of the motherboard GEM Listing Corporation listing Corporation, there is established in a relatively short time, high uncertainty and risk management system etc, at this time the construction of internal control is particularly important, especially the information disclosure of internal control deficiencies, this is the GEM Listing Corporation in the capital market stability and orderly development, and it is also a need to protect the interests of investors. Our scholars research on internal control information disclosure to carry out long-standing, but the researches mainly focus on the main board of listing Corporation, the GEM Listing Corporation research has not been widespread. This paper according to the characteristics of the GEM Listing Corporation’s influence on GEM Listing Corporation empirical analysis, through the empirical analysis of the conclusions of the disclosure advises defects of internal control information of the GEM Listing Corporation.In this paper,based on the literature review and theoretical analysis,self-evaluation report of internal control samples from 2011 to 2013 the Shenzhen Stock Exchange gem disclosure of listing Corporation, using the descriptive statistical method to analyze the defects of information disclosure of internal control, the GEM Listing Corporation in China, at the same time using the logistic regression model for empirical research on Influence Factors of the internal control deficiencies disclosure. In the analysis of listing Corporation internal control self-assessment report found that, China’s GEM Listing Corporation exist on the internal control of the disclosure of the form and content of the disclosure of two aspects of the problem,China’s listing Corporation in the information disclosure of internal control deficiencies disclosure is not high degree of formality, such a phenomenon. In the process of the empirical study on the factors of listing Corporation, the imputation of disclosure of internal control deficiencies affect the company size, ownership concentration, the proportion of independent directors, two positions, profitability, growth, financial risk, firm reputation and the type of audit opinion; empirical analysis shows that, the ownership concentration, profitability, two positions, firm reputation and audit opinions and information disclosure of internal control deficiencies showed a significant negative correlation the company size, the proportion of independent directors, the company’s growth, the level of financial risk and information disclosure of internal control deficiencies and there was no significant correlation, which the company size, company growth and the expected assumption, the economic significance can be reasonably explained. At the end of this paper, according to the empirical conclusion is given for the GEM listed companies to avoid internal control deficiencies of advice, ultimate goal is to improve the GEM listed company internal control deficiencies disclosure quality and maintain the stability of the capital market.