scholarly journals Research on the Status Quo and Countermeasures of Information Disclosure of Internal Control Defects in Listed Companies

2018 ◽  
Keyword(s):  
Internal Control ◽  
Information Disclosure ◽  
Listed Companies ◽  
Status Quo ◽  
The Status

A Research on the Internal Control Information’s Disclosure of Signal Game Model of the Listed Companies

2011 ◽  
Vol 403-408 ◽  
pp. 1676-1679
Author(s):  
Qi Jie Wang ◽  
Xiao Gang Wu
Keyword(s):  
Game Theory ◽  
Incomplete Information ◽  
Internal Control ◽  
Information Disclosure ◽  
Listed Companies ◽  
Game Model ◽  
Control Information ◽  
Policy Suggestions ◽  
The Game Theory ◽  
Control Message

This paper studied the game theory about that the listed companies used internal control disclosure as signal under the condition of incomplete information, constructed a signal game model to analyze the internal control information disclosure problem under the condition of incomplete information. It also proposed some policy Suggestions to inspire the listed companies to disclose internal control message veritably.

scholarly journals Analysis on the Efficiency of Risk Management in the Chinese Listed Companies

Mathematics ◽  
2020 ◽  
Vol 8 (10) ◽  
pp. 1831
Author(s):  
Chien-Ming Huang ◽  
Wei Yang ◽  
Ren-Qing Zeng
Keyword(s):  
Risk Management ◽  
Firm Performance ◽  
Internal Control ◽  
Risk Taking ◽  
Information Disclosure ◽  
Production Efficiency ◽  
Listed Companies ◽  
Risk Indicators ◽  
Chinese Listed Companies ◽  
Low Efficiency

Since a firm’s profitability is associated with a degree of risk taking, risk indicators have been extensively treated as exogenous variables and affected firm performance. The level of risk taking should be determined through internal control quality and firm-specific characteristics to effectively understand the relationship between risk management and firm performance. This study aims to investigate the effects of risk management efficiency on the production efficiency of Chinese listed companies from 2002 to 2016 using the two-step data envelopment analysis (DEA) approach. Empirical results indicate that risk management differs from traditional financial theory, which means that high-level risk would earn high expected returns. Firms with a low efficiency index of enterprises risk management will have low performance. In particular, internal controls were significantly improved after the 2008 financial crisis. Our overall results also suggest that information asymmetry is still a problem in financial markets. To achieve maximum benefits for shareholders and improve the quality of information disclosure, methods for enacting market regulations are still very important issues in China.

scholarly journals High-Speed Railway Opening and Corporate Fraud

2021 ◽  
Vol 13 (23) ◽  
pp. 13465
Author(s):  
Chen Wang ◽  
Jack Strauss ◽  
Lei Zheng
Keyword(s):  
Internal Control ◽  
Information Disclosure ◽  
High Speed ◽  
Market Competition ◽  
Control Level ◽  
Listed Companies ◽  
Inhibitory Effect ◽  
High Speed Railway ◽  
Corporate Fraud ◽  
The Impact

The impact of high-speed railway (HSR) on corporate behavior has recently attracted both practical and theoretical interest. In this paper, based on a sample of A-share listed companies from 2007 to 2020 in China, we use a difference-in-difference model to explore the impact of HSR openings on corporate fraud and analyze its mechanism. We find that HSR introduction has several important implications. First, it reduces the tendency and frequency of corporate fraud. Second, HSR opening restrains corporate fraud by improving the external supervision level and reducing the financing constraints of the company. Third, the inhibitory effect of the HSR opening on corporate fraud is significant when the market competition is less intense, and the company’s internal control level is poor. Fourth, after distinguishing types of fraud, HSR opening can still significantly inhibit information disclosure fraud and manager fraud, but not operation fraud. These results indicate that HSR openings promote the flow of information and labor across regions, alleviating the information asymmetry of firms. Our findings are conducive to improving the governance environment of the listed companies, which provides new clues for discovering and restricting corporate fraud.

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