Research On Internal Control Information Disclosure Problem About Listed Companies Of Small And Medium Sized Board In China

According to the present situation and level of the existing research results, this thesis chooses the listed companies of small and medium-sized board in china as it's research objects. The important role that small and medium-sized board companies play in the multi-level capital market is also fully considered during the choosing. In order to raise the level of the listed company's internal control information disclosure, this thesis places emphasis on disclosure's current situation and the influence factors which can arouse the change of the disclosure level.The thesis is composed by six chapters. Chapter 1 is the preface, which analyses the meaning, method and creative point of the study. Chapter 2 gives the related theory and system evolution. In chapter 3, there is the current situation of internal control of information disclosure. Chapter 4 places emphasis on the theoretical analysis about the factors which can arouse the change of the disclosure level. Based on empirical analysis method, Chapter 5 is given not only to finds out each independent variable which has a significant effect on disclosure level, but also to analyses the correlation of influence degree and significance. Chapter 6 is a conclusion.When research the situation of internal control information disclosure, this thesis mainly makes some statistics analyses about the numbers of the self-assessment reports of internal control and audit reports of internal control. At the same time, it chooses 11 factors which may probably produce an effect on the disclosure level to do the research, for examples: company size, profitability, debt capital ratio, board's stockholding ratio, top two shareholder's stockholding ratio, general manager's stockholding ratio, the proportion of the independent directors, duality of manager and chairman, Shareholder's meeting times, ratio of shareholder's meeting attendance, accounting firm's reputation, and so on, from three respects: the company's basic characteristics, the external and internal management structure.Then,it comes to a conclusion:Internal control information disclosure level of small and medium-sized enterprise board in china is improving year by year. This study also shows that some factors, such as profitability, proportion of the independent directors, duality of manager and chairman, accounting firm's reputation, are positively correlated with disclosure level, in the meantime, some factors, such as the board's shareholding ratio and manager's shareholding ratio, are negatively correlated with disclosure level.Consequently, In order to improve the internal control disclosure level of listed companies of small and medium-sized board in china, we should strengthen their internal management, enhance the independent director's approval and access, improve their sustainable profitability and encourage them to hire the accounting firm with high reputation.