Corporate Governance Mechanism and Risk Disclosure Quality: an analysis of A-share Companies listed in the main board of Shenzhen stockTools ZHOU, CHANG (2018) Corporate Governance Mechanism and Risk Disclosure Quality: an analysis of A-share Companies listed in the main board of Shenzhen stock. [Dissertation (University of Nottingham only)]
AbstractLearn from studies focused on western countries, this study aims to examine how corporate governance mechanism influence the risk disclosure quality in context of China mainly from listed companies in main board of Shenzhen stock exchange. Based on a sample 438 Chinese listed companies during five years from 2013 to 2017, this study finds that corporate governance mechanism indeed affects the risk disclosure quality to some extent. However, the effect brought by some specific factor included in corporate governance mechanism sometimes is not in accordance with the previous findings. Specifically speaking, board size, board independence, audit fee, company size, profitability are all variables that have significantly positive correlation with the risk disclosure quality, while board meeting frequency, leverage and company size negatively affect the level of risk disclosure. Moreover, the results on board meeting frequency and leverage are in contrast with the related hypothesis. As for the limitation of this study, due to inadequate observations and insufficient corporate governance variables, future studies are suggested employing a larger sample size and more representative variables for deeper investigation.
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