Empirical Research On Influence That Corporate Governance Structure Of Chinese Companies Has On Internal Control Disclosure

Investors have been shocked by financial fraudulent cases happened frequently in recent years. These cases not only disturbed the order of securities business, but made investors suffer from great losses. The reason lies mostly in the failure of internal control, and increasing investor begin to pay more attention to internal control of companies. They hope information disclosure of internal control could be useful to their decision makings on investment. At present, information disclosure of internal control in our China could not satisfy investors and it's hard for investors to make proper decisions. This thesis thinks that the poor quality of information disclosure of internal control lies in the faultiness of corporate governance structure. It's most important to perfect governance structure of Chinese listed companies for improving information disclosure of internal control.From the point of corporate governance structure, the paper expatiates related theories of corporate governance structure, information disclosure of internal control and the relation between them, then analyzes factors in corporate governance structure that influence information disclosure of internal control, hereby enters empirical research. The paper does not distinguish strictly information disclosure of constraint and unconstraint. Considering the status quo of information disclosure of internal control in our China, the paper includes all contents related to internal control disclosed in company annuals, and investigates weather the annuals have disclosed integrity, rationality and efficiency of internal control.In the part of empirical research, this thesis analyzes effect that corporate governance structure has on information disclosure of internal control from the aspects of share structure, governance of directorate, supervising from directors of supervision and opinion of outside audit, then studies the data of swatches by the means of Logistic regression. The result indicates that proportion of state shares has significant negative correlation with information disclosure of internal control, proportion of independent directors , syncretism of Chairman and CEO and opinion of outside audit have significant positive correlations with information disclosure of internal control. Proportion of control extent of shares and proportion of outside supervisors have positive correlations with information disclosure of internal control, and centralization of shares has negative correlation with information disclosure of internal control. The last three variables do not have significant correlation with information disclosure of internal control. There is some localization in the research, including inadequacies of variables choose and number of swatches, ignoring the efficiency from factors of different industries.Based on the result of empirical research, this thesis puts forward political suggestions for perfecting corporate governance structure of Chinese companies and increasing information disclosure of internal control. It's significant for improving information disclosure of internal control and promoting healthy and speedy development of capital market in China.