内部控制质量对投资效率的影响——基于农业上市公司经验数据

发布时间：2018-11-04 11:22

【摘要】：以农业上市公司为研究对象,采用多元回归模型实证分析内部控制质量对投资效率的影响。结果表明,内部控制能够有效抑制企业的投资不足与投资过度的行为,从而提高投资效率。进一步依据产权性质的不同,研究国有企业与非国有企业内部控制对投资效率的影响差异,结果发现高质量的内部控制对非国有企业投资效率的影响更加显著。因此,作为推动国民经济发展的基础产业,农业上市公司应着重加强内部控制制度建设,完善公司内部控制体系,从而提高公司投资效率,完成企业价值的最大化目标,并实现推动国家宏观经济增长的终极目标。
[Abstract]:Taking agricultural listed companies as the research object, this paper empirically analyzes the effect of internal control quality on investment efficiency by using multiple regression model. The results show that the internal control can effectively restrain the underinvestment and over-investment behavior of enterprises and improve the investment efficiency. According to the difference of property right, the paper studies the influence of internal control on investment efficiency between state-owned enterprises and non-state-owned enterprises. The results show that the influence of high quality internal control on the investment efficiency of non-state-owned enterprises is more significant. Therefore, as the basic industry to promote the development of national economy, agricultural listed companies should focus on strengthening the construction of internal control system, perfecting the internal control system of the company, so as to improve the investment efficiency of the company and achieve the goal of maximizing the enterprise value. And achieve the ultimate goal of promoting national macroeconomic growth.
【作者单位】：渤海大学管理学院;
【基金】：国家自然科学基金(编号:71173024)
【分类号】：F324;F302.6

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