我国上市公司内部治理结构影响自愿披露水平的实证分析  

The Empirical Research on Internal Corporate Governance's Impact on the Voluntary Disclosure Level of Listed Companies in China

作　　者：乔旭东[1] 孙美华[1] 巫升柱[1] 

机构地区：[1]西安交通大学管理学院,陕西西安710049

出　　处：《财经论丛》2007年第1期89-96,共8页Collected Essays on Finance and Economics

基　　金：国家自然科学基金资助项目(70402010)

摘　　要：本文以我国上市公司2004年年度报告为研究对象,通过构建自愿披露指数回归模型,从公司内部治理视角实证分析了影响我国上市公司自愿披露水平的相关因素。研究表明,上市公司自愿披露水平与国有股持股比例、董事会持股成员比例、忙碌独立董事比例存在显著负相关关系,而与监事会持股成员比例存在显著正相关关系。This paper selects the annual reports of 2004 of listed companies in China as the research sample, establishes a regression model of voluntary disclosure index and analyses the factors that impact the voluntary disclosure level from the aspect of internal corporate governance. It finds that there are negative relationships between voluntary disclosure level and percentage of state - owned equity, percentage of director members with holding shares, percentage of busy independent directors. Meanwhile, there is positive relationship between voluntary disclosure and percentage of supervisor members holding shares.

关 键 词：自愿披露水平 内部治理结构 影响因素 

分 类 号：F234.3[经济管理—会计学]