Abstract
In 2006, the implementation of the new company law confirmed the executive status of the secretary of the board of directors for the first time in a legal sense, and also emphasized the responsibility of the secretary of the board of directors in handling information disclosure affairs. Internal control information disclosure is the enterprise according to the standard of internal control evaluation of the enterprise internal control system of self-evaluation, investors judge the value of the enterprise. Can the secretary of the board of directors affect the quality of internal control information disclosure of listed companies? The role of his personal background in the process of information disclosure deserves further study. Based on the empirical study of 2400 listed companies in Shanghai and Shenzhen by using the random effect model (REM), this paper finds that the working time, shareholding situation, multi-position situation and educational background of the secretary of the board of directors have a positive impact on the internal environment, risk assessment, control activities, information and communication, and information disclosure quality of internal supervision. However, the gender of the secretary has little impact on the quality of such information disclosure. In addition, this paper also explores state-owned enterprises and gets the same results. It can be seen that the personal background of the secretary for the President has begun to play a role and the implementation of the secretary for the President system is gradually on the right track.
Published Version
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