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Research On The Influencing Factors Of Voluntary Information Disclosure Of Internet Listed Companies In China

Posted on:2018-06-19Degree:MasterType:Thesis
Country:ChinaCandidate:H X WangFull Text:PDF
GTID:2359330515953835Subject:Accounting
Abstract/Summary:PDF Full Text Request
In recent years,the Internet industry has more and more important impact on national economic and social life.The information disclosed by Internet companies gradually concerned by many market participants,and they have higher requirements of the company's information disclosure.In addition to the mandatory information disclosure which was stipulated by the government,the voluntary information disclosure has also become the basis for investors to reference and analysis.Therefore,this paper takes the Internet industry listed companies as the starting point to study the voluntary information disclosure,and analyzes the impact of the voluntary disclosure of the listed companies in the industry from the aspects of the company's equity,management and performance.In this way,it can provide a comparison for other industries,and ameliorate company's internal governance and the quality of information disclosure.On the basis of summarizing the research status quo at home and abroad,this paper uses the theories of voluntary information disclosure and the empirical research method to analyze 89 listed internet companies on the Stock Exchanges of Shanghai and Shenzhen.This paper builds the voluntary disclosure index and calculates the numbers to measure the level of voluntary disclosure which regard as dependent variable.And then this paper uses the multiple linear regression model to test the influence of the selected independent variables on the voluntary disclosure.The conclusion shows that the proportion of executive holdings,the establishment of internal audit institutions,the development of the company and the reputation of the accounting firm have the positive correlation to the level of voluntary information disclosure.The proportions of major shareholders and the factor that one person serves as chairman and manager are negatively correlated to the level of voluntary information disclosure of the Internet listed companies.Based on the results of empirical research,this paper puts forward some suggestions on the voluntary information disclosure of the Internet industry from the macro and micro perspective,with a view to promoting the healthy development of the Internet industry and the information disclosure situation of the whole market and perfecting the information disclosure system of the securities market.
Keywords/Search Tags:Internet industry, Listed companies, Voluntary disclosure, Corporate governance, Corporate performance
PDF Full Text Request
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