Empirical Study on the Effect of Board Features on the Changing of Scheduled Disclosure Dates for Periodical Report |
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Author | HangYuan |
Tutor | MengCuiHu |
School | Nanjing University of Finance and Economics |
Course | Accounting |
Keywords | Listed Company Corporate Governance Board Features Performance Corporate Disclosure Booking System |
CLC | F832.51;F224 |
Type | Master's thesis |
Year | 2011 |
Downloads | 30 |
Quotes | 0 |
Corporate disclosure booking system is unique to China,which require annual reports of listed companies to disclose the time of booking in order to achieve the balance disclose of annual reports. From the point of view the implementation of 2006-2009, nearly one-third of the existence of a listed company changes the disclosure of annual appointment time, reflecting the information disclosure of listed companies is not standardized, and this is the performance management of speculative behavior, to the majority of outside investors brought a serious impact on decision-making. The Board of Directors is the core of corporate governance, to connect the bridge between the shareholders to accept the commission oversight of management’s business practices. Therefore, the article disclosed in the Annual Report Board features change impact on empirical research, summarized the Annual Report disclosure of director characteristics and the relationship between changes in the type of board to regulate and promote the process of building, improve the corporate governance structure, improve the quality of information disclosure and improve information disclosure norms.The article includes five chapters:The first chapter, an overview paper background, the significance of the topic, research ideas and methods and the content and the basic framework.The second chapter, is to review the existing literature, including two aspects, one is disclosed in the Annual Report and the Board of features related to foreign literature, on the other hand is disclosed in the Annual Report and the Board of features related to the domestic literature. Which, as an appointment with the disclosure system in China and unique initiative, the Western academic literature there is no research in this area, but the Western academic literature on the annual reports of listed companies research focuses on the timeliness of disclosure, or more, and therefore, This part is to review some Western research on the disclosure, as well as experts and scholars in China according to the disclosure of research results in Western China Disclosure of appointment situation.ChapterⅢfocuses on board characteristics and the concept of the Annual Report disclosure system definition and theoretical basis. First, the meaning of board characteristics, performance and disclosure of the Annual Report defines the meaning of change; On this basis, the Board of Directors discussed the characteristics and changes in the Annual Report disclosure of the relationship between theory: signal theory, the shareholders of Signal Theory and Game Theory Game theory; the end of this chapter, empirical model for building a theoretical framework, the Board discussed in detail the characteristics of listed companies disclosed in the Annual Report of the mechanism and performance.The fourth chapter, the board listed company disclosure system characteristics and changes in the Annual Report of the empirical research part of the relationship, this section first board of directors of listed companies has defined the characteristic variable; followed by observations based on theoretical analysis and practical hypothesis proposed article; and then focuses on the data source and sample selection, variable definitions, ideas and methods and empirical research process and results.ChapterⅤ, the conclusions and recommendations. Based on the conclusion of the study, combined with the current appointment for disclosure of regulatory measures, changes to the disclosure of the Supervision appointment suggestions.