CAJ | 학술논문

公众对上市公司信息披露完整性和有效性的要求逐步提高。自愿性信息披露受到多方面因素的影响，公司治理是其关键。选取2011～2012年制造业沪市上市公司数据为样本，选取适当的指标来度量自愿性信息披露质量，建立回归模型，对公司治理对自愿性信息披露质量影响进行实证分析。研究得出董事会规模、监事会规模、高管持股比例和公司规模与自愿性信息披露质量显著正相关结论。
공음대상시공사신식피로완정성화유효성적요구축보제고。자원성신식피로수도다방면인소적영향，공사치리시기관건。선취2011～2012년제조업호시상시공사수거위양본，선취괄당적지표래도량자원성신식피로질량，건립회귀모형，대공사치리대자원성신식피로질량영향진행실증분석。연구득출동사회규모、감사회규모、고관지고비례화공사규모여자원성신식피로질량현저정상관결론。
The effectiveness of voluntary disclosure of listed company has become the focus of investors and regulators.Voluntary disclosure is affected by various factors, including inter-nal factors and external environmental factors.Corporate governance is essential.This paper selected manufacturing sector in 2011~2012 Shanghai listed company as the sample, choo-ses indexes to measure voluntary disclosure, and finally establishes the model of corporate governance and the voluntary disclosure.Conclusions were got as follows:board and supervi-sor’ s size, executive holding and firm’ s size are positively related to voluntary disclosure.