Studies on the Relationship between Corporate Governance and Disclosure Quality in Chinese Listed Companies

Abstract: There is a close relation between corporate governance structure and disclosure quality of accounting information. Perfect corporate governance structure has a positive impact on the disclosure of accounting information. The corporate governance structure guarantees disclosure quality of accounting information through a set of system arrangement. The perfection degree of corporate governance structure restricts information disclosure quality. Disclosure of accounting information is helpful to the transparency of corporate governance and management information. Disclosure of accounting information can eliminate the information asymmetry of internal people and external people, and promote the improvement of corporate governance structure.With 109 listed companies in northeast as the research sample, on the basis of introducing and appraising relevant references and basic theories, this article analyzes the existing problems of corporate governance structure and disclosure of accounting information in detail. Then, we use the method of multianalysis in analyzing the 2004’s annals datum of the listed company, and make an empirical study on the association between internal governance structure and disclosure quality of accounting information from several aspects which are ownership concentration, the character of the controlling stockholder, feature of the board of directors, and so on. Our research indicates that, the corporate governance structure does not have great effects on the disclosure quality of accounting information. Therefore, we carry on more detailed data analysis. From the analysis results, we get the similar conclusion with theoretical analysis. We know it is true that, the corporate governance structure has effects in certain degree o…
Key words: listed companies; corporate governance structure; accounting information; disclosure quality

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