控制风险、披露压力与内部控制鉴证报告的自愿性披露——基于沪市2008-2010年A股上市公司的经验证据

Risk Control, Pressure Disclosure and Voluntary Disclosure of Internal Control Attestation Report: Empirical Evidence from A-Share Listed Companies in Shanghai Stock Exchange from 2008 to 2010

随着中国资本市场内部控制管制政策的演进与变革,有关我国上市公司内控信息披露行为的研究日益成为重要的研究议题。以上海证券交易所2008-2010年A股上市公司为研究样本,对内部控制鉴证报告自愿性披露行为的影响因素进行实证研究。研究的经验结果表明,公司控制风险因素和外在披露压力共同决定我国上市公司内部控制鉴证报告的自愿性披露行为,鉴证报告的自愿披露有着丰富的信号发送功能。经验结果为强制性披露框架下内部控制信息披露监管的重点方向提供了直接的依据。

With the evolution and changes of intemal control and regulation policies in China＇s capital market, the study of the internal control information disclosure behaviors of China＇s listed companies has increasingly become an important research subject. Taking the A-share listed companies from 2008 to 2010 in Shanghai Stock Exchange as the samples, this paper conducts an empirical study of the affecting factors on their voluntary disclosure of internal control attestation report. The result shows that such voluntary disclosure behaviors are determined by both the corporate risk control factors and the external pressure on disclosure. And the voluntary disclosure of the attestation reports has a wealth of signal transmission functions. This result can provide direct evidence for the important direction of the supervision of internal control information disclosure under the coercive disclosure framework.