Determinants and economic consequences of voluntary disclosure of internal control weaknesses in China Ji,X-D, Lu,W and Qu,W 2015, Determinants and economic consequences of voluntary disclosure of internal control weaknesses in China, Journal of contemporary accounting and economics, vol. 11, no. 1, pp. 1-17, doi: 10.1016/j.jcae.2014.12.001. Attached Files Name Description MIMEType Size Downloads Title Determinants and economic consequences of voluntary disclosure of internal control weaknesses in China Author(s) Ji,X-D Lu,W Qu,W orcid.org/0000-0002-5587-5707 Journal name Journal of contemporary accounting and economics Volume number 11 Issue number 1 Start page 1 End page 17 Total pages 17 Publisher Elsevier Place of publication Amsterdam, The Netherlands Publication date 2015-04 ISSN 1815-5669 Keyword(s) China Corporate governance Internal control weakness (ICW) Ownership structure Voluntary disclosure Summary This paper investigates the determinants and economic consequences of disclosure of internal control weaknesses (ICWs) by Chinese listed firms under the voluntary disclosure regime over 2010-2011. We find that the probability of firms disclosing ICWs is not only associated with firm characteristics such as profitability, age and business complexity, but is also strongly related to the unique attributes of corporate governance and ownership structure in Chinese listed firms, e.g. the independence of the supervisory board, political connections, concentration of the top 3 shareholders' ownership and tradability of shares.Our results show that the severity of the ICWs disclosed is negatively and significantly associated with earnings response coefficients (ERCs), and audit assurance of ICRs has a significant moderating effect on the relationship between ICWs and ERCs. Our research adds further evidence to support the implementation of SOX-type regulations globally. Language eng DOI 10.1016/j.jcae.2014.12.001 Field of Research 150103 Financial Accounting Socio Economic Objective 900102 Investment Services (excl. Superannuation) HERDC Research category C1 Refereed article in a scholarly journal Copyright notice ©2015, Elsevier Persistent URL http://hdl.handle.net/10536/DRO/DU:30069479 Document type: Journal Article Collections: Faculty of Business and Law Deakin Business School School of Accounting, Economics and Finance Related Links Link Description Connect to Elements publication management system Go to link with your DU access privileges   Connect to published version Go to link with your DU access privileges     Unless expressly stated otherwise, the copyright for items in DRO is owned by the author, with all rights reserved. Versions Version Filter Type Mon, 09 Feb 2015, 08:13:56 EST Mon, 09 Feb 2015, 08:14:49 EST Tue, 10 Feb 2015, 04:00:23 EST Tue, 10 Feb 2015, 07:12:33 EST Fri, 13 Feb 2015, 08:20:41 EST Fri, 13 Feb 2015, 11:07:31 EST Fri, 13 Feb 2015, 11:09:56 EST Wed, 18 Mar 2015, 10:06:46 EST Filtered Full Citation counts:   Cited 0 times in TR Web of Science Cited 28 times in Scopus Search Google Scholar Access Statistics: 561 Abstract Views, 1 File Downloads  -  Detailed Statistics Created: Mon, 09 Feb 2015, 08:14:49 EST