earticle

영어

Delisting enterprises violate obligation of information disclosure will seriously affect the order of capitalist market; impair the confidence of investors and the development of the stock market. On the basis of relevant theories, this paper used the data of China's securities market delisted companies and found that internal governance structure is not reasonable, external control market inefficiencies, loss of independence of social intermediary institution factors is the cause of the phenomenon of illegal accounting information disclosure of listed companies. Many companies violate obligation of information. however, few companies were forced to delist. Through analyses the cause of violation of information disclosure regulations of delisting enterprises, this article aims to solve the problem from two aspects.