An Empirical Study On The Factors Affecting The Quality Of Information Disclosure In The Internal Control Of Cultural Industry

The cultural industry is a new industry based on the high development of humanistic spirit and technology.At the same time,the cultural industry is at the intersection of different markets,such as science and technology,manufacturing,retail and tourism.It has large radiation function,which can promote the development of printing industry,tourism industry,information industry,science and technology industry and Internet industry,and the development of cultural industry can promote the development of the surrounding industries.The development of cultural industries has been improved to the level of national strategy in the 13 th Five-Year planning.The current economic and political environment has provided opportunities for the prosperity and development of cultural industry.However,the academic research on the cultural industry is still inadequate and has not yet reached a unified opinion on the specific scope of the cultural industry.Taking into account the availability of data,this paper selects the R culture(sports and entertainment companies)as research samples in the SFC Industry Classification(2012).On the cultural industry listed companies internal control disclosure quality factors were analyzed,from the nature of the controlling shareholder,the proportion of controlling shareholders,managerial ownership,board size,proportion of independent directors,the duality,debt ratio,profitability,audit opinion to the scale of enterprises as the representative factors,analysis the 10 factors to influence the quality of the information disclosure of internal control.This paper selects 2012-2016 listed R companies(culture,sports and entertainment industry)excluding 45 missing listed companies as research samples,and applies multiple regression analysis to study the influence of 10 factors on the quality of internal control information disclosure.STATA13.0 is used to analyze the data and draw conclusions.The quality of information disclosure and control the size of the board of directors,independent directors,shareholding proportion,corporate debt profitability,audit opinion and company size is positively related to the internal control of listed companies in cultural industry,a significant negative correlation with the proportion of controlling shareholders,with no significant correlation with the controlling shareholders properties,the CEO duality phenomenon,Finally,the empirical results are analyzed,and the results are compared with the assumptions,trying to analyze the possible reasons which are not consistent with the hypothesis,and put forward policy recommendations from the perspective of the enterprise itself and external supervision.