上市公司自愿性内部控制自评行为信号价值分析——基于2007-2011年A股数据的检验

Signal Value of the Voluntary Disclosure of the Internal Control Evaluation Report

本文检验了自2007年自评报告披露政策实施至2011年,上市公司自愿披露内控自评报告的影响因素。结论表明,上市公司的披露行为与其经营及治理质量密切相关。公司规模大,内部治理质量高,净利润增长较快,审计情况好且存在增发行为的公司更倾向于主动披露自评报告,而连续亏损则会对披露行为起到抑制作用。

Based on the 5—year sample (2007—2011), this paper tested the factors affecting the voluntary disclosure of the internal control evaluation report from the angle of the signal value. The result found that the disclosure was highly related to the operating and governance quality. Size, governance quality, net income growth, audit opinion and the existence of reissue is positively related to the voluntary disclosure behavior, while successive loss is negatively related.