An Empirical Study About Illegal Information Disclosure of Listed Companies
- DOI
- 10.2991/sekeie-14.2014.25How to use a DOI?
- Keywords
- Listed company; external environment; illegal information disclosure
- Abstract
Using a paired t-test, Wilcoxon test and logistic regression analysis to analyze the 196 listed companies of illegal information disclosure in Shanghai and Shenzhen A-shares and matching companies in 2007-2012, this paper carries out an empirical research about the factors affecting illegal information disclosure of listed companies, finding that: Ownership concentration, the board stability, profitability, solvency and the level of development of the external market show significant negative correlation with the probability of illegal information disclosure, Managers Equity Incentives shows significant positive correlation with the probability of illegal information disclosure, while the proportion of independent directors, audit committee established or not, the degree of legal protection and audit oversight opinions don’t have significant relationship with illegal information disclosure.
- Copyright
- © 2014, the Authors. Published by Atlantis Press.
- Open Access
- This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).
Cite this article
TY - CONF AU - Xiaodong Lv AU - Hao Ding PY - 2014/03 DA - 2014/03 TI - An Empirical Study About Illegal Information Disclosure of Listed Companies BT - Proceedings of the 2nd International Conference on Software Engineering, Knowledge Engineering and Information Engineering (SEKEIE 2014) PB - Atlantis Press SP - 106 EP - 108 SN - 1951-6851 UR - https://doi.org/10.2991/sekeie-14.2014.25 DO - 10.2991/sekeie-14.2014.25 ID - Lv2014/03 ER -