Empirical analysis of internal control disclosure in China: Based on independent directors´ standpoint

The paper stands on companies´ independent directors, by using listed companies´ annual report data of 2006-2008 in the Shenzhen Stock Exchange and the index of independent directors´ internal control disclosure as the dependent variable, and analyzes the factors to independent directors´ internal control disclosure by constructing panel data model. The empirical results shows that financial status and corporate governance are all significantly affect independent directors´ internal control disclosure activity; what´s more, time effect is significant, which provides empirical support for upgrading the level of independent directors´ internal control disclosure and strengthening effectiveness of relevant policies.