Internal Control Information Disclosure Quality, Agency Cost and Earnings Management—Based on the Empirical Data from 2011 to 2013

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.

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Analysis of the Information Disclosure of Commercial Banks’ Internal Control

International Journal of Economics and Finance ◽

10.5539/ijef.v9n5p77 ◽

2017 ◽

Vol 9 (5) ◽

pp. 77

Author(s):

Fangliang Huang ◽

Jing Chen ◽

Hui Ma ◽

Qiaoping Hou

Keyword(s):

Internal Control ◽

Commercial Banks ◽

Voluntary Disclosure ◽

Information Disclosure ◽

Audit Committee ◽

Positive Impact ◽

Annual Reports ◽

Control Information ◽

The Board Of Directors

By adopting the content analysis approach, this paper selects the annual reports of 45 China’s commercial banks to analyze the influencing factors of internal control information disclosure. The quality of internal control information disclosure of listed banks tends to be better than non-listed banks. Our empirical study shows that the factors of the exchanges of the banks’ listing, the proportion of the number of independent directors in the board of directors, and the times of the audit committee meetings have a significant positive impact on the quality of internal control information disclosure of commercial banks. To improve the quality of the internal control information disclosure of commercial banks, we put forward such suggestions as amending the supervision system, reducing the listing threshold and creating opportunities for listing for small and medium sized commercial banks, developing voluntary disclosure incentive policies, and intensifying effective punishment measures against and misbehavior in the information disclosure.

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Internal control information disclosure and corporate governance: evidence from an emerging market

Corporate Governance ◽

10.1108/cg-10-2015-0136 ◽

2016 ◽

Vol 16 (1) ◽

pp. 79-95 ◽

Cited By ~ 21

Author(s):

Ben Kwame Agyei-Mensah

Keyword(s):

Corporate Governance ◽

Regression Analysis ◽

Internal Control ◽

Information Disclosure ◽

Emerging Market ◽

Sub Saharan Africa ◽

Content Type ◽

Control Information ◽

Sub Saharan ◽

The Impact

Purpose The purpose of this study is to increase our understanding of the impact of corporate governance factors on the disclosure of internal control information by firms in Ghana. Design/methodology/approach A data set from 110 firms in Ghana for the year ending of 2013 was used. Each annual report was individually examined and coded to obtain the disclosure of internal control information index. Descriptive analysis was performed to provide the background statistics of the variables examined. This was followed by regression analysis, which forms the main data analysis method. Findings Results of the disclosure of internal control information mean of 35 per cent indicate that most of the sampled firms did not disclose sufficient internal control information in their annual reports. The low level of internal control information disclosure cannot be used by stakeholders to determine the level of corporate governance practices in the sampled companies. The results of the regression analysis indicate that board independence is a significant variable that explains the disclosure of internal control disclosure. This supports the generally held view that independent directors help to improve the quality of disclosure and increase the transparency of information. Originality/value This is the first study in Ghana that considered the impact of corporate governance factors on internal control information disclosures. This study contributes to the literature on the relationship between corporate governance and disclosure by showing that the disclosure of internal control information in Ghana is associated with the proportion of independent board members. This findings support Sarbanes–Oxley (SOX) 404 requirements, even though this is not compulsory for Ghanaian firms unlike their US counterparts. The findings of this study will help market regulators in Ghana and Sub-Saharan Africa, Security and Exchange Commission (SEC) and the Sub-Saharan African Exchanges in evaluating the adequacy of the current disclosure regulations in their countries. Understanding the board composition and their impact on voluntary disclosure provides evidence on the sufficiency of the board of directors’ guidelines in the corporate governance code in Sub-Saharan African countries.

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Corporate Characteristics and Internal Control Information Disclosure- Evidence from Annual Reports in 2009 of Listed Companies in Shenzhen Stock Exchange

Physics Procedia ◽

10.1016/j.phpro.2012.03.136 ◽

2012 ◽

Vol 25 ◽

pp. 630-635 ◽

Cited By ~ 2

Author(s):

Song Xiaowen

Keyword(s):

Internal Control ◽

Information Disclosure ◽

Stock Exchange ◽

Listed Companies ◽

Annual Reports ◽

Control Information

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