情报科学 ›› 2022, Vol. 40 ›› Issue (11): 158-165.

• 博士论坛 • 上一篇    下一篇

上市公司信息披露违规驱动因素的结构关系解构 

  

  • 出版日期:2022-11-01 发布日期:2022-12-13

  • Online:2022-11-01 Published:2022-12-13

摘要: 【目的/意义】研究上市公司信息披露违规的驱动因素并予以针对性防范和治理,有助于提高上市公司的市
场公信力,保护投资者的利益,推动我国信息披露制度体系的完善,促进我国证券市场的健康稳定发展。【方法
/
程】以上市公司信息披露违规为对象,通过对内外因素的层层解构,分析其违规背后的驱动因素,以提高上市公司
对信息披露的重视程度,缓解信息披露违规频繁出现的现状。【结果
/结论】结果显示,上市公司信息披露违规的驱
动因素结构模型包含
5个层级、3个层次:表象层包括内部控制标准体系、内部审计机构定位、内部控制重视程度、资
产规模、资产负债比率、每股净收益、净资产收益率;中间层则包括股权结构、股东大会、董事会、监事会、审计机构
独立性、审计人员的素质和责任心、经济环境、竞争程度、税收征管力度;根源层包括政策法规、证券市场监管、证监
会处罚力度、媒体报道。【创新
/局限】通过对上市公司信息披露违规动因进行结构关系解构,探究影响其违规行为
发生的结构化、体系化、层次化原因;有待对各因素之间的作用机制进行实证研究和量化分析。

Abstract: Purpose/significanceStudying the driving factors of information disclosure violations of listed companies and giving tar⁃geted prevention and governance will help to improve the market credibility of listed companies, protect the interests of investors, im⁃prove Chinese information disclosure system, and promote the healthy and stable development of the securities market.Method/pro⁃cessTaking the information disclosure violations of listed companies as the object, through the deconstruction of internal and external factors, this paper analyzes the driving factors behind their violations, so as to improve the attention of listed companies to information disclosure and alleviate the current situation of frequent information disclosure violations.Result/conclusionThe results show that
the driver structure model of information disclosure violations includes five levels and three levels. The superficial factors include the internal control standard system, the positioning of internal audit institutions, the importance of internal control, asset scale, asset li⁃ability ratio, net income per share and return on net assets. Middle tier factors include ownership structure, shareholders' meeting,board of directors, board of supervisors, independence of audit institutions, quality and responsibility of auditors, economic environ⁃ment, degree of competition, and tax intensity. The fundamental factors include policies and regulations, securities market supervision,punishment by CSRC and media reports.
Innovation/limitationBy deconstructing the structural relationship of the reasons for the vio⁃lation of information disclosure of listed companies, this paper explores the structural, systematic and hierarchical reasons that affect the occurrence of their violations,which need to conduct empirical research and quantitative analysis on the mechanism between the in⁃fluencing factors.