@inproceedings{f4753165dc1642ca9629f1c8f5e54dab,
title = "A study on corporate governance characteristics of companies who have a high level of voluntary disclosure",
abstract = "This paper is to find what characteristics the listed companies of manufacture with the high-level voluntary disclosure have. By taking 396 listed companies in the year 2011 as sample and implementing descriptive statistics and paired sample T-test method, we document that: (1) they are the companies of large size with separate directors and CEOs and relatively high financial leverage, proportion of concentrated equity, and salaries for the directors; the actual controllers of most companies are state controlled; although the structure of the board secretary is reasonable, they do not have necessary time for meetings; (2) compared with those of lower level of voluntary disclosure, it reflects different characteristics of governance mainly including the financial leverage, the actual controllers, the total shares of the first five shareholders, and the amount of the three highest executives{\textquoteright} compensation. By forcing on this certain group of companies, this paper provides a new perspective for future studies of voluntary disclosure.",
keywords = "Corporate governance, Listed companies, The level of voluntary disclosure",
author = "Li, {H. Y.} and D. Liu and Guo, {X. P.}",
note = "Publisher Copyright: {\textcopyright} 2014 WIT Press.; 2013 International Conference on Management Innovation and Information Technology, MIIT 2013 ; Conference date: 07-12-2013 Through 08-12-2013",
year = "2014",
month = apr,
day = "1",
doi = "10.2495/MIIT131542",
language = "English",
series = "WIT Transactions on Information and Communication Technologies",
publisher = "WITPress",
pages = "1229--1236",
editor = "Maozhu Jin and Zhenyu Du",
booktitle = "WIT Transactions on Information and Communication Technologies",
address = "United Kingdom",
}