内部控制信息披露的经济后果——基于对盈余质量影响的实证研究

摘要

With the introduction of the Basic Standards for Enterprise Inner Control in 2008 and ac- companied Inner Control Guidelines in 2010 the disclosure of inner control information of listed compa- nies has to meet more strict demands. Many listed companies, having different motivations, disclose inner control self-assessment reports. Taking companies in Shanghai that disclose voluntarily inner control self-assessment reports from 2009 to 2010 as research samples, we study the relationship be- tween disclosure of inner control information and the quality of company earnings. Compared with companies that did not disclose inner control self-assessment reports, companies that disclose volun- tarily inner control self-assessment reports have lower discretional accruals, that is, disclosure of in- ner control information can improve the quality of company earnings, which has positive economic consequences.%随着2008年《企业内部控制基本规范》和2010年《内部控制配套指引》的出台,对上市公司内部控制信息披露的要求越来越高。许多上市公司基于不同的动机披露了内部控制自我评价报告。以2009—2010年间沪市自愿披露内部控制自我评价报告的公司为研究样本,对内部控制信息披露与公司盈余质量之间的关系进行实证检验发现,相对于没有披露内部控制自我评价报告的公司,披露的公司具有较低的操控性应计利润,即披露内部控制信息能够提高公司的盈余质量。实证研究结果表明,内部控制信息披露具有较积极的经济后果。