The Research On The Relationship Between Internal Control Information Disclosure And Corporate Performance

Internal control is a series of internal self-discipline and regulation measures and methods that the company take in in order to ensure the healthy and orderly operation, it is the effective part of corporate governance.Internal control information disclosure can not only provide a more comprehensive understanding that if corporate governance is effective or not to investors,creditors and regulators and other information users, but also more reasonable to protect the interests of outside investors.Many domestic and foreign companies operating failure cases are derived from the failure of internal control and internal control information disclosure is not perfect. Therefore,researching on the relationship between information disclosure and corporate performance of internal control research, looking for the subjective dynamic for the managers of the company,has the positive significance for constructing internal control system in the listing corporation and perfecting internal control information disclosure in capital market.Based on the collection and integration of domestic and foreign and the related literature on internal control information disclosure, combining with the principal-agent theory, asymmetric information theory, and signal transmission theory, the paper put forward a hypothesis that the internal control information disclosure and corporate performance is positive correlation.The empirical part of this paper chooses the datas about the Shenzhen A shares of listing corporation board manufacturing industry of 2012 as the research sample,selects the rate of return on net assets, earnings per share, total assets turnover rate and a comprehensive indicators Y which the author attempts to construct to reflect company performance as variables which is a reflection of corporate performance,and uses regression analysis.And then,the paper chooses the financial risk index Z which is widely used to do the robust test.The conclusion display that internal control information disclosure in the sample firms is not positively ideal at present and that internal control information disclosure is positive related to corporate performance.According to the empirical conclusion, this paper put forward some improvement suggestions to the disclosure of internal control information, also points out the deficiencies of this research and proposes the research prospects.