Does Corporate Governance Affect Disclosure? An Empirical Evidences from Chinese and UK Listed Companies
研究了中国和英国上市公司中公司治理与信息披露的关系，发现英国公司治理显著正向影响披露，而中国公司仅领导结构和所有权结构有显著关系，且产品市场竞争对两国影响不同。
Disclosure is the main element of corporate governance.Using the samples from Chinese and UK Stock Exchange,the paper empirically examines the relations between corporate governance and disclosure.The evidence suggests that corporate governance in UK firms is significantly positive with disclosure,but as to Chinese firms,only the leadership structure and ownership structure has significant relation with the disclosure.In the strong competition product market on corporate governance control mechanism formed after the binding statistics show that the internal governance structure of a better system of the UK company,product market competition does not diminish the strong internal control mechanisms of accounting improve the quality of disclosure. On the contrary,the internal governance structure of imperfect Chinese companies,the strong product market competition will further reduce internal control mechanisms on the disclosure of accounting information quality improvement.