公平和效率为导向的内部控制信息披露方式的转变

自《萨班斯--奥克斯利法案》颁布以来,美国上市公司内部控制信息披露方式由自愿性披露转变为强制性披露。而在2008年我国五部委联合发布的《企业内部控制基本规范》标志着我国上市公司内部控制信息也开始向强制性披露方式转变。论文试图用经济学的公平与效率理论分析内部控制信息由自愿性披露方式转变为强制性披露方式背后的原因,经过分析发现披露方式的转变是促进资本市场效率向保障资本市场公平的转变。

Conversion from Voluntary Disclosure to Mandatory Disclosure of Efficiency and Fairness Oriented Internal Control Information Disclosure

Since the Act of Sarbanes-Oxley was issued in the United States,Listed companies have changed the internal control information disclosure from voluntary disclosure to mandatory disclosure.In China,five national Ministries co-declared the Basic Code of Corporation Internal Control' in 2008,requiring Chinese listed companies adopt the mandatory information disclosure of internal control.Using economic theory of Fairness & Efficiency,this paper intends to analyze why the change,i.e.from voluntary disclosure to...