Empirical Study on the Determinants of Internal Control Information Disclosure Quality for China's Real Estate Listed Companies

Based on asymmetric information theory, signaling theory and principle-agent theory, this paper investigated 276 A share real estate companies in market of Shanghai and Shenzhen Stock Exchange, which had already published the Internal Control Self-assessment Report in the year 2011 to 2013. The thesis established a conceptual model of the internal control information disclosure quality and observed the determinants of internal control information disclosure quality through descriptive statistics, frequency analysis, correlation analysis, multiple linear regression and robustness test in empirical study. The result shows that under other conditions in certain circumstances, profitability, the largest shareholder, board independence, the type of audit opinion, audit agency authority and company size have positive effects on internal control information disclosure quality, while ownership concentration has negative effects on the quality of internal control information disclosure.