摘要
通过对2003—2005年沪深两市3 782个样本的描述性统计分析以及多元回归分析,从上市公司年报披露及时性这一全新的视角对独立董事与审计委员会治理效果研究发现:上市公司董事会中独立董事比例越大,独立董事制度在年报披露的及时性上起的作用越大;审计委员会与董事会的勤勉程度对于年报披露的及时性没有显著影响;同时验证了在我国资本市场上,确实存在着"好消息早,坏消息晚"的披露规律。最后基于研究结论提出了针对性的建议。
This paper makes a study on the governance effect of independent director and audit committee from a new view of the timeliness of annual reports＇ disclosure. 3 782 samples from 2003 to 2005 are analyzed by descriptive statistics and regression. It is indicated that listed companies with more independent directors will disclose annual reports timely; Audit committee and the diligent degree of the boards didn＇t help the companies to disclose the annual reports timely; in our capital market, listed companies with good news will disclose their annual reports more quicker than companies with bad news. Based on the conclusions of the research, some suggestions are proposed.
出处
《石家庄经济学院学报》
2007年第5期23-28,共6页
Journal of Shijiazhuang University of Economics
关键词
独立董事
审计委员会
年报披露
及时性
independent director
audit committee
annual reports＇ disclosure
timeliness
