摘要
从代理理论及信息经济学角度出发,对自愿信息披露的相关理论基础进行了阐述,在对相关文献进行综述的基础上提出研究假设;构建适用于中国上市公司的自愿披露指标体系,建立了检验中国上市公司自愿信息披露水平与公司治理各因素之间关系的多元回归数学模型,通过相关分析和回归分析,考量了各个变量之间的相关性及模型回归参数的显著性;根据多元回归方程的拟合结果,可以判断出公司治理各要素对中国上市公司自愿披露水平的影响程度,从而揭示出公司治理状况对上市公司自愿信息披露水平的内生约束机制;为提高中国上市公司的自愿信息披露质量提出政策建议,并指出了研究局限性。
Based on establishing a voluntary disclosure index system which is propitious to listed companies in China, this paper sets up two multiple regression models concerning the relationship between the level of voluntary disclosure and the elements of corporate governance. After the regression analysis, the correlation between the variables and the regression parameters of the equations is obtained. From the above analysis, the impacts the elements of corporate governance imposing on the voluntary disclosure are estimated. Thus, the endogenetic mechanism between them is exposed. Finally, this paper puts forward several policy advices for boosting the level of voluntary disclosure in Chinese listed companies.
出处
《管理科学》
CSSCI
2006年第3期81-89,共9页
Journal of Management Science
关键词
上市公司
自愿披露
公司治理
回归分析
listed company
voluntary disclosure
corporate governance
regression analysis
