Accountability and the quality of information disclosure of state-owned enterprises

IF 7.4 2区经济学 Q1 BUSINESS, FINANCE

Finance Research Letters Pub Date : 2024-11-13 DOI:10.1016/j.frl.2024.106462

Fangsu Dong , Huaichen Dong , Lei Zhang

引用次数: 0

Abstract

This study investigates the impact of accountability on the quality of information disclosure of state-owned enterprises, with a particular focus on the Accountability System for Illegal Business Operations and Investments (ASIBOI) that has been progressively implemented in China. Utilizing A-share listed companies from 2012 to 2022 as the research sample, we used the staggered difference-in-differences approach to explore the relationship and mechanism between ASIBOI and the quality of information disclosure of state-owned enterprises. The results show that ASIBOI improves the quality of information disclosure of state-owned enterprises by improving the internal governance system of enterprises, and this finding still holds after a series of robustness tests.

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国有企业的问责制和信息披露质量

本研究探讨了问责制对国有企业信息披露质量的影响，尤其关注了在中国逐步实施的《违规经营投资责任追究制度》（ASIBOI）。我们以 2012 年至 2022 年的 A 股上市公司为研究样本，采用交错差分法探讨了 ASIBOI 与国有企业信息披露质量之间的关系和机制。结果表明，ASIBOI 通过完善企业内部治理体系提高了国有企业的信息披露质量，并且这一结论在经过一系列稳健性检验后仍然成立。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Finance Research Letters BUSINESS, FINANCE-

CiteScore

11.10

自引率

14.40%

发文量

863

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