摘要
上市公司违反监管强制披露基本要求进行的违规信息披露加剧了市场信息不对称,是证券市场健康发展的严重阻碍。本文从财务状况、控制人动机、公司治理结构、环境与制度等方面系统地分析了影响上市公司违规信息披露的主要因素,并以被监管者查处的违规信息披露的上市公司为样本进行实证检验,研究表明在一定的环境和制度下,财务状况和控制人动机是影响目前我国上市公司违规信息披露的主要方面,但公司治理结构时违规披露的约束和影响力较小。
The deregulation of information disclosure by listed companies, which is against the basic mandatory disclosure requirement put forward by supervisors, intensifies the information asymmetry and becomes the serious obstructs of the security market development. This paper analyzes systematically the main factors causing deregulation of disclosure from the aspects of financial condition, motivation of controllers, corporate governance structure, environment and system. Based on the samples of listed companies against mandatory disclosure requirements disclosed by government supervisors, empirical study shows, under certain environment and system, financial condition and motivation of controllers are the main aspects influencing the deregulation of information disclosure by now, however corporate governance structure has weak influence.
出处
《审计研究》
CSSCI
北大核心
2008年第1期75-81,74,共8页
Auditing Research
基金
广东省哲学社会科学“十一五”规划基金项目(批准号:06Y002)的阶段性成果。
关键词
信息披露
违规
控制人动机
公司治理结构
information disclosure, deregulation, controllers＇ motivation, corporate governance structure
