Accountability and the quality of information disclosure of state-owned enterprises

Fangsu Dong, Huaichen Dong and Lei Zhang

Finance Research Letters, 2025, vol. 71, issue C

Abstract: This study investigates the impact of accountability on the quality of information disclosure of state-owned enterprises, with a particular focus on the Accountability System for Illegal Business Operations and Investments (ASIBOI) that has been progressively implemented in China. Utilizing A-share listed companies from 2012 to 2022 as the research sample, we used the staggered difference-in-differences approach to explore the relationship and mechanism between ASIBOI and the quality of information disclosure of state-owned enterprises. The results show that ASIBOI improves the quality of information disclosure of state-owned enterprises by improving the internal governance system of enterprises, and this finding still holds after a series of robustness tests.

Keywords: Accountability; Quality of Information Disclosure; Internal Governance System (search for similar items in EconPapers)
JEL-codes: D21 G34 (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:71:y:2025:i:c:s1544612324014910

DOI: 10.1016/j.frl.2024.106462

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