股权结构、内部控制信息披露与公司绩效

发布时间：2018-11-02 17:51

【摘要】：近年来,国内外著名企业财务丑闻事件频发,使越来越多的投资者开始认识到企业内部控制建立健全的重要,学术界也开始重点关注关于内部控制信息披露问题。随着近年来相关政策的建立和健全,我国的内部控制信息披露从自愿性披露转向强制性披露阶段。大多数学者对与内部控制信息披露的研究停留在规范性研究方法上,实证分析研究方法的文献较少,系统的关注内部控制信息披露的前因和后果的更加少见。本文从公司治理结构中的股权结构角度来分析影响内部控制信息披露的因素,从公司绩效方面来分析内部控制信息披露的经济后果,以便能规范和完善内部控制信息披露体系,具有一定的理论和现实意义。本文主要内容分为六个部分。第一部分是绪论,本章主要介绍论文的研究背景和研究内容、研究目的和研究意义以及研究思路和方法；第二部分是理论依据、文献综述,为论文的顺利进行提供学术依据；第三部分是股权结构、内部控制信息披露和公司绩效的理论分析,首先是对内部控制信息披露质量的衡量分析,然后分析股权结构与内部控制信息披露、内部控制信息披露与公司绩效的相互关系,并提出相关假设；第四部分是研究设计,依据第三章的理论分析,提出假设,选取2010年沪市A股上市公司260家上市公司作为样本,构建回归模型；第五部分是实证研究,对模型进行回归分析,找出相关变量之间的关系,应进行成因分析；第六部分是研究结论与政策建议,依据实证分析结果和理论分析结论,为上市公司的内部控制信息披露的改进和完善提出政策建议。最后指出本文研究的可能创新之处和局限性。研究结果发现：上市公司控股股东持股比例与内部控制信息披露水平呈显著负相关,股权制衡度与内部控制信息披露水平指数呈显著正相关关系,上市公司类型与内部控制信息披露水平之间的关系不显著,公司绩效和内部控制信息披露水平呈显著正相关,上市公司控股股东持股比例与公司绩效呈显著负相关,而股权制衡度、上市公司类型与公司绩效之间的关系不显著。
[Abstract]:In recent years, the frequent financial scandals of famous enterprises at home and abroad have made more and more investors realize the importance of establishing and improving the internal control of enterprises, and the academic circles have also begun to focus on the disclosure of internal control information. With the establishment and improvement of relevant policies in recent years, the disclosure of internal control information in China has changed from voluntary disclosure to mandatory disclosure. Most scholars' research on internal control information disclosure remains on the normative research methods, empirical analysis of the methods of literature is less, systematic attention to the former causes and consequences of internal control information disclosure is more rare. This paper analyzes the factors that affect the disclosure of internal control information from the angle of ownership structure in the corporate governance structure, and analyzes the economic consequences of the disclosure of internal control information from the aspect of company performance, so as to standardize and perfect the disclosure system of internal control information. It has certain theoretical and practical significance. The main content of this paper is divided into six parts. The first part is the introduction, this chapter mainly introduces the research background and research content, the research purpose and the research significance, the research thought and the method, the second part is the theoretical basis, the literature review, provides the academic basis for the paper to carry on smoothly; The third part is the theoretical analysis of ownership structure, internal control information disclosure and corporate performance. First, the measurement and analysis of the quality of internal control information disclosure, and then the analysis of equity structure and internal control information disclosure. The relationship between the disclosure of internal control information and the performance of the company, and the relevant assumptions; The fourth part is the research design, according to the theoretical analysis of the third chapter, put forward the hypothesis, select the 2010 Shanghai A-share listed companies as the sample 260 listed companies, build a regression model; The fifth part is empirical research, the regression analysis of the model, to find out the relationship between the relevant variables, should be analyzed the cause of formation; The sixth part is the research conclusions and policy recommendations, according to the empirical analysis results and theoretical analysis conclusions, for listed companies to improve and improve the internal control information disclosure policy recommendations. Finally, the possible innovations and limitations of this study are pointed out. The results show that the proportion of controlling shareholders in listed companies is negatively correlated with the level of disclosure of internal control information, and the degree of equity checks and balances is positively correlated with the level of disclosure of internal control information. The relationship between the types of listed companies and the level of internal control information disclosure is not significant. The corporate performance and the level of internal control information disclosure are significantly positive correlation, and the proportion of controlling shareholders of listed companies is significantly negative correlation with corporate performance. However, the relationship between equity balance, listed company type and corporate performance is not significant.
【学位授予单位】：西南大学
【学位级别】：硕士
【学位授予年份】：2012
【分类号】：F275;F832.51;F224

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