Research On Factors Influencing The Quality Of Information Disclosure Of International Control

Since the emergence of internal control, there have been scholars to study it, we cansay that internal controls have been academic research focus. As an important part ofinternal control, internal control quality of information disclosure not only allow relevantperson to see whether the company has established an effective internal control system andhow the implementation of the results, but also to help those who need relevantinformation to make the right investment decisions. But in recent years, the occurrence ofa series of cases, such as " the oil executives were arrested”," the Sanlu Poisonous milk"," Shuanghui Harmful additives ", so that investors clearly see, to make the companyhas a good prospects, we must make the company’s internal control system perfect andeffectively. As China’s Shandong Province, a major economic province, on China’seconomic development plays an important role. Therefore, we choose research the qualityof information disclosure listed companies in Shandong Province.This paper mainly studied from three aspects: first describes the informationdisclosure of internal control theory, detailed analysis of the five theories of informationdisclosure-non-cooperative game theory, asymmetric information theory, agency theory,signaling theory of supply and demand theory. Secondly, empiricaled studies the qualityof information disclosure of listed companies in Shandong Province. Under our internalcontrol standards system has been formed, this article is intended to research the listedcompanies in Shandong Province after the formation of the internal control system,drawing on the basis of previous studies, through their own independent thinking,designed to evaluate the quality of information disclosure of internal control project table,and then raised both internal assumptions affect the quality of information disclosurecontrol, use the specialized software for empirical analysis to measure various factors onthe inside from the corporate governance structure and the company’s operations controlthe impact of information disclosure quality. The empirical results show that theproportion of independent directors, profitability and internal control quality ofinformation disclosure was a significant positive correlation; the concentration of ownership,financial leverage ratio, the controlling shareholder of the nature and internalcontrol quality of information disclosure was a significant negative correlation;Supervisory Board of scale, duality leadership structure, company size and growth of thecompany and the level of information disclosure of internal control correlation is notsignificant.Finally, based on empirical findings, the article put forward their point of view onhow to improve the quality of internal control information disclosure, which is theprovince of the relevant regulatory authorities to further develop the relevant provisions ofthe legal system has a certain significance.