A Study On The Relationships Among The Management Environment, The Management Mechanism And The Quality Of Internal Control Information Disclosure

In recent years, there have been series of financial counterfeit and financial fraud events in the domestic and foreign capital market. More and more investors realize the importance of establishment and perfection of internal control of the listed company. More people pay attention to the disclosure of internal control information in the academic circle.The request of disclosing internal control information on general listed companies has been shifted from the stage of voluntary disclosure to the stage of compulsory disclosure in our country. However, most of the academic studies of internal control information disclosure are standard researches, there are few empirical researches, and fewer are the research on influencing factors of internal control information disclosure. This article studies from a broader view, in hope of finding the key of the problem, improve the quality of enterprises'information disclosure of internal control, consummating the mechanism and standard of internal control information disclosure. It is of certain significance in theory and the practice.This article includes five parts. The first part is an introduction:introducing the research background and the questions, the research purposes and the significance, the research mentality and the content and the research methods and the materials briefly. The second part reviews the foundation of related theories and the research literature. This part analyzes the theoretical foundation of internal control information disclosure, and takes a brief review on research literature on internal control information disclosure The third part is the theoretical analysis of management environment, management mechanism and quality of the internal control information disclosure. This part firstly is the dimensional analysis of quality of internal control information disclosure, the next is impact analysis of management environment on the quality of internal control information disclosure, and the last is impact analysis of management mechanism on the quality of internal control information disclosure. The fourth part is the empirical analysis among management environment, management mechanism and the quality of internal control information disclosure.280 listed companies of stock A in the Shanghai stock market were selected, the quality of internal control information disclosure were empirically analyzed to discover influencing factors and to analyze the reasons. The fifth part is the conclusion and the policy suggestions. This part summarized the main conclusion which this article studies, and puts forward the related proposal based on the research conclusion; finally the limitations and the possible innovation are pointed out.The findings show that the majority stockholder is negatively correlated with the quality of internal control information disclosure, while the proportion of independent directors is positively correlated with the quality of internal control information disclosure. But the corporate control power, the board of directors scale, two duties unite of chairman and general manager, setting up the National audit office, the type of listed companies, the marketability advancement, the degree of government intervention, the degree of legalization horizontal are not significantly correlated with the quality of internal control information disclosure.