房地产上市公司内部控制信息披露——以万科公司为例 (2)

中文摘要

近几十年以来，我国资本市场得到长足发展，在发展的过程中，政府监管机构及投资者对上市公司的管理越发重视，逐渐意识到上市公司内部控制的重要性，对于上市公司内部控制信息的披露产生了强烈的诉求。自2008年起，我国开始着手建立内部控制体系，直至2010 年颁布的配套法律法规，才对内部控制信息披露体系做出进一步完善。内部控制信息披露体系对上市公司对投资人及政府监管机构披露的信息提出硬性要求，标志着我国对内部控制信息披露真正步入强制披露阶段。目前国内针对内部控制信息披露的理论研究尚处于起步阶段，加之多数学者是以整个资本市场中的上市公司作为整体进行研究，只有少数学者以某个具体行业的上市公司作为对象进行研究。房地产行业毫无疑问，是我国经济的支柱产业，房地产行业表现的好坏对于我国经济的发展具有重大影响。鉴于此，本文以房地产行业中的上市公司作为研究对象，根据这些公司2017年披露的报告，对其内部控制信息披露情况进行描述性统计，分析其存在的问题，以及这些问题形成的原因，并提出解决问题的建议。此外，本文单独挑选一家房地产上市公司进行具体详细的分析。

关键词：房地产上市公司；内部控制；披露现状；万科公司

abstract

In recent decades, China's capital market has developed rapidly. In the process of development, government regulators and investors pay more and more attention to the management of listed companies, gradually realize the importance of internal control of listed companies, and have a strong demand for the disclosure of internal control information of listed companies. Since 2008, China began to establish the internal control system, until 2010, the relevant laws and regulations were issued, and the internal control information disclosure system was further improved. The internal control information disclosure system puts forward the rigid requirements for the information disclosed by listed companies to investors and government regulators, which indicates that China's internal control information disclosure really enters the stage of compulsory disclosure. At present, the domestic theoretical research on internal control information disclosure is still in its infancy. In addition, most scholars study the listed companies in the whole capital market as a whole, and only a few scholars study the listed companies in a specific industry. There is no doubt that the real estate industry is the pillar industry of China's economy. The performance of the real estate industry has a significant impact on China's economic development. In view of this, this paper takes the listed companies in the real estate industry as the research object, according to the reports disclosed by these companies in 2017, makes descriptive statistics on their internal control information disclosure, analyzes the existing problems and the causes of these problems, and puts forward suggestions to solve the problems. In addition, this paper selects a real estate listed company for specific and detailed analysis.

Key words: real estate listed company; internal control; disclosure status; Vanke Company

目录

第1章 理论基础1

1.1有效市场理论1

1.2信息不对称理论1

1.3信号传递理论1

第2章 万科集团案例分析2

2.1万科集团背景信息简介2

2.2 万科公司内部控制披露情况2

2.3控制活动信息的披露情况分析2

2.4万科公司内部控制缺陷及整改披露情况3

2.5万科公司部分员工工资披露4

第3章 万科公司信息披露的问题及原因4

3.1存在的问题4

3.1.1主动披露信息积极性不强4

3.1.2 公司刻意隐瞒缺陷问题5

3.1.3 评价报告流于形式化问题5

3.2内部控制信息披露问题成因分析6

3.2.1披露的要求规范缺位6

3.2.2缺乏指导性的缺陷判断标准6

3.2.3内部控制建设不健全7

3.2.4各监管机构监督不力7

第4章 改进万科集团内部控制信息披露的几点建议7

4.1法律制度层面7

4.1.1协调规范之间的冲突7

4.1.2细化信息披露规范8

4.1.3制定严格的缺陷信息披露标准8

4.2转变公司对内部控制的态度8

4.3加强监管部门监管力度9

结语9

参考文献10