交叉上市公司内部控制缺陷披露的影响因素与市场反应——基于兖州煤业的案例研究  

Influencing Factors and Market Reaction of Cross-listing Companies' Internal Control Deficiencies Disclosure:A Case Study of Yanzhou Coal Mining Co.Ltd

作　　者：方红星[1] 孙翯[1] 

机构地区：[1]东北财经大学会计学院,辽宁大连116025

出　　处：《上海立信会计学院学报》2010年第1期28-36,共9页Journal of Shanghai Lixin University of Commerce

基　　金：国家自然科学基金项目(70872018);教育部新世纪优秀人才支持计划(NCET-07-0158);霍英东教育基金会高等院校青年教师基金项目(111087)

摘　　要：基于兖州煤业股份有限公司2007年及以前年度在内地、香港和美国三地证券市场对内部控制缺陷的披露情况,探讨了影响交叉上市公司在内地市场披露内部控制缺陷的因素,并比较了不同市场对内部控制缺陷披露的反应程度。研究发现:交叉上市公司能够受到更严格的市场监管和外部审计监督,因而能够更及时地披露内部控制存在的缺陷和漏洞并加以补救;市场对上市公司的披露行为和改进行动有所反应。Based on the internal control deficiencies disclosure of Yanzhou Coal Mining Co. Ltd in 2007 and before in New York, Hong Kong and Shanghai stock markets, the paper analyses the influencing factors in the disclosure of internal control deficiencies in Chinese market, and compares the market reac- tions on the deficiencies disclosure in different markets. It is found that compared with the domestic listed companies in China, cross-listing companies are under stricter observations by foreign markets and outside auditors, thus, their internal control deficiencies and weaknesses as well as related remedies are more timely disclosed, and that the market has reactions on their disclosure and remedies.

关 键 词：内部控制 信息披露 交叉上市 市场反应 

分 类 号：F276.6[经济管理—企业管理]