Board governance, disclosure of internal control attestation report and corporate performance

摘要

This paper gets a sample composed by 2318 A-share listed companies in Shanghai stock exchange and Shenzhen stock exchange for the period 2008–2010, measures board governance from three aspects of the structure, the professional and behavioral characteristics of the board, analyzes the effect of board governance on the disclosure decision of internal control attestation report, and then examines how board governance and disclosure of internal control attestation report affect the company's performance. The study found that board size and proportion of independent directors have a positive effect on the disclosure of internal control attestation report, two duty syncretic of the general manager and CEO has a significant adverse effect on disclosure of internal control attestation report, the ratio of accounting background directors and the establishment of audit committee have no effect on disclosure of internal control attestation report, and board governance, disclosure of internal control attestation report have a significant positive correlation on corporate performance.