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A Behavioral Study of the Normative of the Listed Company Information Disclosure after IPO

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This paper sets the corporations which occurs first information disclosure violation after IPO as a research object, using theoretical analysis and empirical analysis to study related issues of corporation information disclosure violations. This paper contacts this time length with causes of violated information disclosure and builds regression model. And there comes the result: the proportion of independent directors has positive correlation with the time length of corporation’s first violation after IPO; the proportion of managerial ownership has positive correlation with the time length of corporation’s first violation after IPO; the pressure of insurance license could shorten the time length of corporation’s first violation after IPO. This paper based on existed researches and analysis the feature of corporation violation types, adopts ordered logistic regression model to predict corporation violation types. Finally, this paper gives a series of recommendations based on the causes of corporations’ information disclosure.
Cite this paper
Cao, S. and Wang, J. (2014) A Behavioral Study of the Normative of the Listed Company Information Disclosure after IPO. American Journal of Industrial and Business Management, 4, 751-761. doi: 10.4236/ajibm.2014.412081. 
 

[1] Liu, Y. (2006) Research of Information Disclosure for Corporate Governance. Hunan University, Changsha.
[2] Huang, S.Z. (2001) Challenges to the Quality of Accounting Information of Listed Companies. Accounting Research, 10, 6-11.
[3] Liu, L.G. and Du, Y. (2003) An Empirical Research on the Relationship between Corporate Governance and the Quality of Accounting Information. Accounting Research, 2, 28-36.
[4] Chen and Jaggi (2000) Association between Independent Non-Executive Directors, Family Control and Financial Disclosures in Hong Kong. Journal of Accounting and Public Policy, 19, 285-426.               eww141224lx
[5] Yu, D.Z. and Chi, G.H. (2004) Number of Directors, Board Stability and Performance: Theory and Experience. Economic Research Journal, 4, 70-79.
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