Title: Game Analysis on Information Disclosure of Internal Control and Revelation
Abstract: By using the method of game theory,the authenticity of internal control disclosure of listed companies is analyzed from the view of static game with incomplete information based on the Principal-agent Theory.Several factors affect the authenticity of internal control information are found: supervision frequency of regulatory authorities,punishment cost,the cost that listed companies color their internal control information,and the degree of adverse effect when false disclosure of internal control is found by regulatory authorities.Several suggestions are provided for regulating the information disclosure of internal control on listed companies comparing with the relevant laws and regulations in the USA.
Publication Year: 2012
Publication Date: 2012-01-01
Language: en
Type: article
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