Analyzing Corporate Governance Model with Chinese Characteristics and Accounting Information Disclosure: a Quasi-natural Experimental Study Based on a Special Institutional Arrangement

A new corporate governance model for SOEs with Chinese characteristics was implemented in China 2016, which a 4 + 1 (Chinese Communist Party committee, shareholders’ meeting, board of directors, supervisors managers) structure formed by integrating the organization into traditional Western 3 (shareholders’ managers), and it major breakthrough modern enterprise system characteristics. With this brand-new institutional arrangement as quasi-nature experiment, propensity score matching (PSM) differences-in-differences (PSM-DID) methods have been used paper to empirically test impact on accounting information disclosure state-owned enterprises (SOE). It has found study that improved transparency China, but no significant contribution quality identified. Samples are subdivided view influence hierarchy internal SOEs. In central government-owned or those low level control, plays more prominent role enhancing information. The verifies positive effect improving disclosure. Also, practical significance