Multiple Concurrent Causal Analysis Of Information Disclosure Violations Based On Qualitative Comparative Analysis

True,accurate,and complete information disclosure is the basis for the survival and development of the securities market,an important basis for investors to judge securities prices,and a legal obligation that listed companies must fulfill.However,the information disclosure regulatory inquiry letters and announcements issued by the China Securities Regulatory Commission and the Exchange in recent years indicate that my country's listed companies are still being banned,and the quality and efficiency of information disclosure have problems.This dissertation first carries out descriptive statistics on the current situation of information disclosure violation and punishment of listed companies in China,and finds that the responsibility for improving the current situation of information disclosure cannot only be placed in the legal supervision institutions,and solutions should be found from the root.Most existing studies analyze the influencing factors of information disclosure by establishing regression models,but traditional regression is difficult to effectively analyze the asymmetric relationship between variables.QCA regards the relationship between variables as complex and replaceable,and independent variables jointly influence the results in the form of combination,which is the antecedent conditional configuration.Secondly,traditional regression has advantages in the study of the average effect of variables in large sample cases,while QCA can process small and medium-sized samples more effectively.So this article chooses the qualitative comparison analysis(QCA)on the selected 40 listed company information disclosure irregularities influence factors are multiple concurrent causal analysis,it is concluded that lead to the listed company information disclosure violations of four has explanatory power for conditions before configurations: equity balance degree is high,the comprehensive financial condition good,poor quality of internal control,easy to cause information disclosure violations;Low ownership concentration,good comprehensive financial status and poor internal control quality easily lead to information disclosure violations;Low degree of equity checks and balances,high degree of equity concentration and poor comprehensive financial status easily lead to information disclosure violations;The high degree of equity checks and balances,the low degree of equity concentration and the poor comprehensive financial status easily lead to information disclosure violation.Combination theory with practice and systemic analysis of joint interaction between variables and the same reason configuration variables in different conditions in different forms of complex causal relation,the listed company information disclosure violations from the regulatory or managementlevel is proposed to identify conditions cause companies at the core of information disclosure violations if there is a possible difference and pay attention to them;Considering the multiplicity,complexity and asymmetry of the combination of reasons and conditions and discriminating the "performance change" and other Suggestions.