Research On The Influence Of The Internal Control Information Disclosure Quality Of Listed Companies' Ownership Structure

Financial fraud has occurred frequently in recent years,which seriously damages the interests of investors.Investor were made aware of that doubts about the effectiveness of the internal control of public companies and the disclosure of accounting information.The western countries have made the construction and standardization of the internal control information disclosure system of listed companies as the top priority to improve the development of capital market.In recent years,relevant regulatory authorities in China have also issued relevant regulations and policies,although they have achieved certain results,they are still not optimistic.A listed company with investment value will not only have good operating performance,but also have a reasonable,perfect and effective internal control system to maintain its prosperity in the ever-increasing competition.And the internal control is feasible to implement,this requires that the internal control information disclosure quality measure.This paper argues that the company managers' behavior orientation depends on the company's internal governance structure,then the quality of the internal control information disclosure of listed companies.Among them,the equity structure as the internal governance structure of property rights basis,reflects the company's internal and external stakeholders rights and obligations,determines the allocation of corporate internal control,inevitably has the influence on the quality of internal control information disclosure.A reasonable and efficient shareholding structure,which can regulate the internal governance structure of the firm,and then increase the quality of information disclosure within the corporation.Therefore,this article,from the starting point of the equity structure,is to investigate the impact of the equity structure on the quality of the disclosure of the public corporation,To improve the quality of information disclosure of listed company to put forward effective advice.First of all,based on the view of the equity structure,we have been able to review and review documents from both domestic and foreign countries,and point out the application value of the idea of controlling information disclosure from the perspective of the equity structure.At the same time,using the principal-agent theory,asymmetric information theory and stakeholder theory analysis of the necessity of internal control disclosure of information,provide theoretical guidance for the subsequent writing.Secondly,on the basis of the previous text,it is proposed to study hypotheses,set variables and build models.Based on the financial data and related internal information disclosure quality information of the listed companies of shenzhen main board in China from 2014 to 2016,the correlation analysis and multiple regression analysis were used to analyze the sample data and find the relationship between them.The results of the study show that the degree of ownership balance is positively correlated with the quality of internal control information disclosure.The degree of ownershipconcentration is negatively correlated with the quality of internal control information disclosure,and the nature of the actual controller is that state-owned holding is negatively correlated with the quality of internal control information disclosure,and the shareholding ratio of the company's executives and the shareholding ratio of institutional investors are positively correlated with the quality of internal control information disclosure.Finally,conclude the conclusion and put forward a reasonable opinion to improve the quality of disclosure of internal control information of listed companies.