Empirical analysis of the effect of mangement's internal control disclosure: Based on Shenzhen panel data of 2006–2008

摘要

Based on Shenzhen Stock Exchange panel data of 2006–2008, the paper uses management's internal control disclosure as the dependent variable, constructs panel data model for analysing the factors to management's such disclosure, finds that the financial situation is not only a significant impact on the behavior of management's disclosure, but also a major factor; while the interpretation intensity of corporate governance is small although there was significant, which indicates that corporate governance in China is a relatively small role to disclosure, and need to be further strengthened; moreover, time effect is particularly significant in the analysis, which is give an empirical support to the positive role of the relevant policies of internal control disclosure promulgated by the state, which has a positive reference value.