Media pressure, corporate governance structure, and disclosure quality

Abstract

This paper selects data from Chinese listed companies from 2012 to 2022 as samples to investigate the relationship between media pressure, corporate governance structure, and information disclosure quality. The research findings are as follows: Media pressure is conducive to promoting enterprises to improve the quality of information disclosure; a reasonable corporate governance structure can help enterprises enhance the quality of information disclosure; management efficiency plays an important moderating role in the relationship between media pressure and the quality of enterprise information disclosure; corporate governance structure exerts a significant moderating effect in the relationship between media pressure and information disclosure quality; there is heterogeneity in the impact of media pressure on the quality of information disclosure between state-owned enterprises and non-state-owned enterprises; and there is heterogeneity in the impact of corporate governance structure on the quality of information disclosure between state-owned enterprises and non-state-owned enterprises.