Research On Factors Influencing The Quality Of Information Disclosure Of Intenral Control Of Listed Companies

Since Enron has been exposed in2001, the credit crisis has always shrouded overthe world’s capital markets. Global communications, French Industrial bank, LehmanBrothers and so on, a series of well-known companies’ bankruptcy provoked theinvestors and the global capital market’s sensitive and fragile nerves. It harms theinvestor’s right to know and the benign development of the capital market. From theearlier occurrence of Zhengbaiwen to the Yinguangxia’s bankruptcy, to CAO and thered-chip companies’ huge loss. China’s securities market seemingly calm waters continueto float to the surface waves, are fully exposed to the listed company’s internal controlweaknesses and internal control lack of information disclosure.Therefore, the internal control information disclosure system, and effective researchhas very necessary practical significance. Firstly, for the authorities, to provide acomplete and true evaluation and regulatory basis. Secondly, for investors, to enableinvestors to maximize the benefits and to understand the company’s internal controldesign, in order to determine the potential for future development of the operating resultsand the company forecast. Lastly, to improve the management authorities internal controlawareness, promote management authorities to improve the internal control.The paper uses content analysis in the empirical part, through my own thinking onthe basis of previous studies, design internal control information disclosure qualityassessment. Calculate internal control information disclosure quality indicators, thenassume the assumptions made affect the internal control quality of information disclosure.Using SPSS software for analysis, to measure the impact of various factors on the qualityof internal control information disclosure. Propose rationalization of policyrecommendations in order to the establishment of a more systematic, healthier and moresustainable development of the capital market, and then optimize the structure of listedcompanies and improving corporate performance, enhance the allocation of resources.Finally, promote the healthy and orderly development of China’s capital market.This paper is divided into6parts, there are described below: the introduction,internal control of listed companies in the quality of information disclosure theory, internal control quality of information disclosure of listed companies influencing factors,the study design, empirical analysis, conclusions and recommendations.I read and screened annual reports, internal control self-assessment reports, and theinternal control audit report one by one from2009-2011of46Social Services listedcompany. Analyze the138samples by the means of empirical analysis. Then I get theresults: most of assumptions are verified, and explain the company size, shareholdingstructure and other factors influencing factors of internal control the level of informationdisclosure. Among them, the characteristic of the controlling shareholder, the scale of theboard of supervisors, two hats-one is the significant factors that affect the internal controlquality of information disclosure. Finally, conclude the conclusion and propose theestablishment of a sound disclosure system, improve the internal governance structure,improve the external regulatory environment.