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/过程】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。
【Purpose/significance】Studying the driving factors of information disclosure violations of listed companies and giving targeted prevention and governance will help to improve the market credibility of listed companies,protect the interests of investors,improve Chinese information disclosure system,and promote the healthy and stable development of the securities market.【Method/process】Taking 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/conclusion】The 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 liability 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 environment,degree of competition,and tax intensity.The fundamental factors include policies and regulations,securities market supervision,punishment by CSRC and media reports.【Innovation/limitation】By deconstructing the structural relationship of the reasons for the violation 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 influencing factors.
作者
段一奇
陈玲
吴江
DUAN Yi-qi;CHEN Ling;WU Jiang(School of Information Management,Wuhan University,Wuhan 430072,China;AVIC Securities Co.,Ltd,Shenzhen 518057,China;School of Information Management,Institute of Big Data and Digital Econom,Hubei University Of Economics,Wuhan 430205,China)
出处
《情报科学》
CSSCI
北大核心
2022年第11期158-165,185,共9页
Information Science
基金
教育部哲学社会科学研究重大课题攻关项目“网络环境下大数据新动能机制研究”(20ZJD024)。
关键词
上市公司
信息披露违规
驱动因素
关系解构
解释结构模型
listed company
information disclosure violation
driving factor
relationship deconstruction
interpretive structural model
作者简介
段一奇(1993-),男,湖北荆州人,博士研究生,主要从事金融数据治理研究;陈玲(1991-),女,湖北武汉人,博士,讲师,主要从事政府数据开放研究;吴江(1978-),男,浙江东阳人,教授,博士生导师,主要从事商务数据智能、社会网络计算研究。
