Study on the Path to Improving the Quality of Information Disclosure of Listed Companies in China: Based on the Dual Perspectives of Corporate Governance and Audit Supervision

Hanxiao Wang

doi:10.54097/r0xjk948

Authors

Hanxiao Wang

DOI:

https://doi.org/10.54097/r0xjk948

Keywords:

Listed companies, Information disclosure quality, Corporate governance, Audit supervision, Synergy

Abstract

The present paper aims to explore the relationship between corporate governance and audit supervision, and information disclosure quality of the listed companies and their heterogeneous synergy efficiency levels. The analysis focuses on A-share listed companies in China in the year 2019-2023, with a total of 12,326 firm-year being screened through standard data. By examining single effect of the corporate governance, audit supervision, on information disclosure level of quality and assessing different aspects of synergy effects in relation to the character of property rights and the extent of regional marketization the author uses CSMAR, Wind database and publicly accessible databases of Shanghai, Shenzhen, and Beijing Stock Exchanges to analyze the issue. There are both positive significant effects of the quality of information disclosure of the listed companies that rely on corporate governance levels and the quality of the quality audit supervision, and those positive synergistic effects are valid. This phenomenon is also particularly evident when it comes to enterprises owned by the state and companies operating in regions with a high level of marketization. Finally, the given paper will provide an empirical support to the way in which the information disclosure standards of listed companies may be improved regarding corporate governance and audit control, and has important practical considerations to be taken into consideration to enhance and optimize capital market regulatory framework in China.

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