The Study On The Quality Of Internal Control Informaiton Disclosure Of Listed Real Estate Companies

Following the June2008"Basic Standard for Enterprise Internal Control" wasreleased,the Ministry of Finance issued "Enterprise Internal Control Supporting Guidelines"for making an explaination of the internal control information disclosure in Apfil2010,whichmeans that China’s internal control disclosure of information has entered the stage ofmandatory disclosure.Domestic research on information disclosure of internal control is growing graduallyuntil recent years. Although there are many scholars do empirical research on this project, butmost of the studies are lack of substantive measure of the level of information disclosure oninternal control. In addition, the domestic research information disclosure of internal controlmostly is about the overall listed companies, almost no research on the real estate industry.Therefore, in view of the importance of the real estate industry in the national economy, Iselected listed real estate companies as the research object and study listed real estatecompany’s internal control information disclosure quality and its influencing factors.In this essay, the author creats an internal control information disclosure quality index inaccordance with the relevant laws and regulations.Then we study the influential factors onlisted real estate companies internal control information disclosure quality from theperspectives of the listed company’s corporate governance features and financialcharacteristics by using panel data analysis method.The conclusions are: Company size,profitability, equity counterbalance degree, the proportion of independent directors and thelargest shareholder is the state-owned corporate are positively related to the real estate listedcompanies internal control information disclosure quality. Company growth rate is negativerelated to the quality.