Research On Disclosure Of Internal Control Self Assessment Report Of The Real Estate Listed Corporation

In recent years,severe problems concerning the internal control appeared in some domestic and international listed companies,which made the regulatory circles pay more and more attention to the disclosure of the internal control information and self-evaluation report of the listed companies. America has already come to the stage which demands listed companies to offer internal control information compulsorily instead of voluntarily.Right now a normative system has taken shape in china,which requires listed companies to evaluate their internal control annually,make self-evaluation report and release it together with the annual report to the public. This system marks a successful transition that the disclosure of internal control information has become compulsory rather than voluntary in china.Starting from2012,the Accounting Department under China’s Ministry of Finance would release an annual analysis report on the implementation of internal control standards in listed companies. The publication,based on annual evaluation reports on internal control,audit reports on internal control,and annual reports of all the listed companies on Shanghai and Shenzhen stock markets,aims to encourage the effective implementation of internal control standards on a larger scale. As the practice of disclosing information on internal control started much later in China compared with that in Western countries,there remains much to research on and modify in both theories and practice.In view of the real estate industry is in a pivotal position in the national economy, and the internal control to adjust company operation play a regulatory role,for the operation of national economy and capital markets has important significance,and government departments and enterprises and investors increasingly attach importance to the disclosure of internal control self assessment report,so it is necessary to influence the real estate listed company internal control self assessment report disclosure of related empirical research on the factors which influence degree.At first, this paper uses the standard analytic method to the related theory of internal control self assessment report was summarized and analyzed,and then on the basis of selecting real estate listed companies from2011to2013released by the internal control self assessment report as the research object,on the sample company background characteristics of members of the board of directors on the board size,board member proportion of men,with an average age of members,members of the average education level,average tenure these five aspects and the relationship between the internal control self assessment report disclosure descriptive statistics analysis,after using the above five elements as explanatory variables,choose to describe the complexity of the business,the company’s financial status and variables as control variables of corporate governance structure, with reports of listed companies to disclose internal control self price detail as this article is to explain variables,LOGSTIC model for empirical analysis.Finally it is concluded that scale of board members at1%significant level with internal control self assessment report is associated with the degree of disclosure,male proportion in10%of the level of the board of directors and internal control self assessment report revealed a significant negative correlation,members of the board of directors by the education level at10%level with the internal control self assessment report disclosure is significantly related to the term of the board of directors at5%level with the internal control self assessment report revealed a significant positive correlation.But the average age of the board of directors and internal control self assessment report disclosure degree negative correlation,but no significant correlation.After the results of the empirical study according to this article puts forward Suggestions on the optimization of the members of the board of directors of the listed company of real estate:appropriate increase of the board of directors,appropriately increase the proportion of female members of the board members,the members of the board of directors as much as possible on the selection of the program for advanced degrees,adequately increase the tenure of the board members,maintain the stability of the senior management team.