Research On Information Disclosure Of Luckin Coffee Based On Corporate Governance

Since the transformation and upgrading of my country’s economy,there have been repeated violations of information disclosure.In recent years,there have been many violations of information disclosure in Chinese stock companies,which have aroused widespread concern around the world.Some studies have pointed out that corporate governance directly affects the quality of accounting information disclosure,which has attracted the attention of enterprises and relevant regulatory authorities.Chinese enterprises have also begun to increase their investment in corporate governance structure research,and strive to design a set of corporate governance structures that meet their own needs.The relevant national regulatory authorities are also gradually improving their own regulatory mechanisms.Based on the above background,this article selects the most discussed Luckin Coffee in2020 as the research object.From the perspective of corporate governance and information disclosure,it studies how the quality of corporate governance will affect corporate information disclosure,so as to urge the internal control system of the company improve the quality of accounting information disclosure of Chinese enterprises.This paper starts with an introduction,which introduces the research background,research significance,basic concepts,literature review,research content and research methods.Secondly,it introduces the current situation of information disclosure of China concept stocks,the development of China concept stocks,and the information disclosure problems existing in China concept stocks.Afterwards,this article comprehensively analyzes the information disclosure violations of Luckin Coffee by using a variety of analysis methods.First,it reviewed the history of information disclosure violations of Luckin Coffee,and expounded the way of information disclosure violations of Luckin Coffee,the consequences of Luckin Coffee’s information disclosure violations,and the countermeasures and follow-up development.Then,it focuses on the analysis of the relationship between corporate governance and information disclosure.Taking the information disclosure violation incident of Luckin Coffee as an example,by comparing a series of optimization and adjustment measures taken by Luckin Coffee before and after the incident,from the perspectives of internal governance and external governance of the company This paper analyzes the relationship between corporate governance and the quality of information disclosure,and specifically discusses the changes in the ownership structure of Luckin Coffee before and after the incident,the adjustment of the board of directors,the adjustment of management and operation models,and the impact of external supervision on the quality of information disclosure.The conclusion is as follows.First,the higher the shareholding concentration,the greater the possibility of information disclosure violations.The company should have a standardized shareholding structure to avoid "one share dominance" and strengthen the degree of equity checks and balances.Second,the effective play of the supervisory role of the board of directors will provide an important guarantee for the authenticity of the company’s information disclosure.Third,the company should seize the opportunity to innovate the management and operation model,improve its own competitiveness,and realize the appreciation of enterprise value,so as to fundamentally promote the improvement of the authenticity of the company’s information disclosure.Fourth,the company’s external governance mechanism plays an important role in supporting the quality and authenticity of information disclosure.It is necessary to strengthen external supervision,increase penalties for violations of information disclosure,and improve the cross-border supervision mechanism for Chinese concept stocks.