An Empirical Study on the Impact of Director Network on Information Disclosure Violations of Listed Companies

In recent years, the laws and regulations of China’s capital market have been continuously improved, and the quality and normative requirements for information disclosure of listed companies have also been gradually improved. For companies, it is more and more common for directors to serve in several companies at the same time, and the formed director network provides a new perspective for the relevant research on information disclosure violations. From the perspective of social network, this paper studies the influence of directors' network on information disclosure violations of companies, and considers the differences in the influence of directors' networks on information disclosure violations under different auditor types. The research results show that: (1) director network is significantly negatively correlated with information disclosure violations, that is, director network can effectively suppress information disclosure violations; (2) the network of directors in companies that employ non-top 10 accounting firms has a stronger inhibitory effect on corporate disclosure violations.