Internal Control Information Disclosure Quality Of Listed Companies

As the world economic globalization, increasing competition in the market economy, especially in recent years the world financial crisis-prone. A series of domestic and international bankruptcy and financial fraud cases occur, causing a worldwide governance of internal control and disclosure concerns. With the United States-issued the "Sarbanes-Oxley", our country also further improve their internal control relevant laws and regulations on information disclosure requirements of listed companies on the company’s internal control self-assessment and issue the evaluation report, which must be approved by a certified accountant or auditing agency, at the same time issue an audit opinion. Our design of the internal control system of listed companies, the implementation of internal control and disclosure of information more and more attention, but also means that the internal control of listed companies information disclosure requirements from the initial voluntary into compulsory. Investors are also concerned by a single company’s results of operations, financial performance to internal control information changes. Therefore, as do the internal control of listed companies to disclose information to become one of the hottest topics today.In this paper, in order to improve the internal control quality of information disclosure of listed companies as a starting point, we choose 10 index, namely:ownership concentration, controlling shareholder of nature, the proportion of the controlling shareholders, management shareholding, board size, the proportion of independent board of directors, Time to market, company size, debt ratio, profitability. And internal control of listed companies to quantify influencing factors, regression analysis model to analyze the internal control information disclosure of listed companies the main factors, listed companies disclose the main factors to improve the quality of information disclosure of internal control according to the internal control information. Select 232 listed companies as sample empirical analysis based on regression model to build on the completion of the inspection of the regression model, and draw the various elements of internal control relevant to the relationship between index and disclosure of information between multiple regression analysis, determine its significance. According to the study found that the size of listed companies and listed companies maximize profitability in a positive impact on the listed company’s internal control information disclosure quality, ownership concentration, the ratio of the controlling shareholders and the proportion of independent directors has to a certain extent, information disclosure quality has a positive effect, it is basically in line with China’s current situation.Meanwhile, China’s current overall internal control of listed companies to disclose reasons for poor quality of information is analyzed itself three aspects of listed companies to improve internal control information from the market, the industry and the company’s disclosure of the quality of a comprehensive proposal. From a market perspective, should improve the information disclosure of listed regulatory system of internal control, the Commission and other institutions should improve the supervision system and accountable system. From the industry point of view, it should play a supervisory role in the agency structure, improve the quality of supervision. From the listed company’s own point of view, we should improve the internal control information disclosure obligations body, disclosure and review procedures.