| With the deepening of the reform of higher education, the public’s demand for financial information in university information is increasing. The State Council emphasizes pushing university to develop financial disclosure system and increase the intensity of financial affairs in "Key Points of Government Information Disclosure in 2015". However, in the specific practice, there are many problems in the way, content,degree and so on of financial information disclosure, such as slow pace of the platform construction, the lack of a more detailed form of a unified specification in the caliber of disclosure or release form, poor quality of public access, etc. Therefore, while doing research on the quantity of financial information disclosure, attention should also be paid to whether the quality of information disclosure is impressive, in order to avoid the disclosure of information become a mere formality. Exploring ways and means of improving and perfecting financial information disclosure in public universities is imminent.This paper, at first, comprehensively reviews the research achievements of government information disclosure and university information disclosure, and discusses the necessity of financial information disclosure of university, then, on the basis of relevant theories,combining with requirements of new information disclosure system, establishes the financial information disclosure quality rating system, analyzes the current situation of the quality of financial information disclosure in "985","211"project universities. Under the guidance of the research on the influencing factors of enterprises, non-profit organizations and government financial information disclosure, this paper selects the explanatory variables from three aspects: the basic characteristics of the university, the characteristics of the management and the governance model, and explores the influencing factors of the quality of financial information disclosure in university by taking the scale of university and the region as control variables. Finally, the conclusion is drawn: The grade of the quality of public universities financial information disclosure is just "pass".There is a great difference in the quality of disclosure among universities. Universities construct information disclosure platform at a low speed. The content of financial information disclosure lacks a unified specification. University’s type (Comprehensive / Professional), age,the academic reputation of the principal, the principal in charge of the financial or audit work, whether it has an independent internal audit is positively correlated with the quality of university financial information disclosure. The number of school leaders,the degree of coincidence between the leadership team and the Party committee is negatively correlated with the quality of university financial information disclosure. |
