The Mandatory Disclosure Quality Of Chinese Listed Companies：Evidence From Audit Fee Disclosure

• Main Authors: Ho, Chia-Jung, 何佳蓉
• Other Authors: Lin, Hsiao-Lun
• Format: Others
• Language: zh-TW
• Published: 2012
• Online Access: http://ndltd.ncl.edu.tw/handle/81264220153258123406

碩士 === 國立交通大學 === 財務金融研究所 === 100 === In this paper we examine the disclosure quality of firms in China. According to the disclosure rules for public companies by CHINA SECURITIES REGULATORY COMMISSION stipulated that firms should disclose audit fees and other related information. We find that rarely firms followed the regulations made by CHINA SECURITIES REGULATORY COMMISSION. Therefore, this thesis attempts to investigate how firms comply with regulations and the relations between disclosure quality and firm’s characteristics. Based on the data from Shanghai and Shenzhen stock exchanges from 2007 to2010, we find that that companies’ disclosure quality is positively correlated with whether the firms are audited by the Big Four, Size, SOE and Profit. However, CEO duality is negatively correlated with the companies’ disclosure quality.