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/).

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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  -