The Study Of Managerial Power Influence On The Quality Of Internal Control Information Disclosure

As large-scale listed companies at home and abroad have successively revealed financial fraud scandals,the regulation of global financial markets has brought about historic changes.In the related research on internal control and its information disclosure,how to improve its quality has become a hot issue in academic circles.After domestic and foreign scholars found that there are many factors that influence on the quality of internal control information disclosure.With the continuous reform of market regulations,corporate ownership and management rights are gradually controlled by different personnel.The management holds the right to operate the company,which means that its actual control power gradually produces independent effectiveness,which will greatly influence on the quality of internal control information disclosure.Therefore,this paper quantifies the selection of management power indicators,and uses empirical analysis methods to explore in which aspects of management power the quality of internal control information disclosure.First of all,this article reviews a large amount of theoretical literature on management and management power.Through studying the basic theories of management,from a theoretical point of view,it comprehensively analyzes the quality of internal control information disclosure and the relationship between the two,objectively from the four aspects put forward their research hypotheses for the quality of internal control information disclosure.Afterwards,an empirical study of the correlation between the two was designed based on the assumptions.Finally,the conclusions are drawn through the study,and a comprehensive analysis of the conclusions and recommendations are made.The results of the study show that most of the characteristic behaviors in management that measure the size of their power have a positive impact on the quality of internal control information disclosure.For example,if senior management obtains a higher professional title or has more shares in the company,the quality of internal control information disclosure will be significantly improved.Through research,it has also been found that senior managers have more centralized power.When one person assumes various positions,it will have an adverse effect on the quality of internal control information disclosure.Based on the empirical results obtained,this paper gives recommendations from two aspects.From the perspective of management authority,it is proposed to implement a parallel mechanism for executive compensation and stock incentives,then establish two separate senior executives.We will establish a corresponding assessment mechanism for the evaluation of management personnel capabilities and improve the system for selecting and employing senior executives.From the perspective of the quality of internal control information disclosure,it is recommended to strengthen the internal control environment and improve the effectiveness of internal control.And strictly implement the disclosure system of internal control information,establish a long-term mechanism to ensure effectiveness.