创业板企业内部控制与公司治理关系实证研究

发布时间：2018-05-18 03:40

本文选题：创业板 + 公司治理　；参考：《贵州财经大学》2012年硕士论文

【摘要】：当前，企业的公司治理和内部控制是热议的话题之一，二者的相互关系更是亟待研究，从我国经济的现状来看，市场经济日益规范，企业之间的竞争也是更加的激烈，基于这样的现状，公司治理和内部控制在企业的日常运行中则显得更为重要了。在现在的公司制企业中，存在的问题很多，如一股独大，风险管理意识薄弱，内部控制机制不完善等等，而公司制企业中最典型的就是上市公司了，这些问题在上市公司中都存在，上市公司要想解决这些缺陷和问题就必须尽快改善自身的公司治理同时也要健全内部控制，因为在企业中，科学合理的公司治理结构为企业的内部控制提供了良好的环境基础，同时有效的内部控制机制又能够保证公司治理的有效运行，最终提高企业的经营效率，二者的这种相互作用对于企业的协调可持续发展是起到积极作用的。自创业板开设以来，发展速度迅速，规模也在逐渐的扩大，经营业绩也令人刮目相看，具有强劲的竞争实力。所以，笔者认为对上市公司尤其是创业板企业的内部控制和公司治理进行研究是非常有必要的，也是具有研究意义的。本文就是基于以上原因对创业板上市公司的公司治理和内部控制展开研究的，对创业板企业的内部控制和公司治理的关系进行实证研究，这种关系主要是两者的相互关系，也就包含了两个方面，一方面是公司治理的各个要素对企业内部控制的影响，另一个方面是企业内部控制的各个要素对公司治理的影响。在文章中我们选取多个变量，并利用主成分分析法和回归分析两种分析方法，对创业板企业的公司治理和内部控制进行分析和研究。本文的研究主要采用的是规范分析与实证分析、定量分析与定性分析相结合的方法。先对内部控制与公司治理的相关理论进行概述，在此基础之上总结出创业板企业内部控制和公司治理的相关关系，然后利用主成分分析法分别选出影响公司治理和内部控制的主要因素，再利用多元回归将公司治理的主要要素，分别与内部控制的相关关系和内部控制要素与公司治理的相关关系进行实证分析，得出实证结论为每股收益与公司治理呈现正相关关系，第一大股东的持股比例与企业内部控制呈现负相关关系，高管人员年薪总额与企业内部控制呈现正相关关系，，董事会规模与企业内部控制呈现负相关关系，并规范分析了存在这些结论的原因，对创业板企业的公司治理和内部控制的完善和健全有很好的指导意义。
[Abstract]:At present, the corporate governance and internal control of enterprises are one of the hot topics, and the relationship between them needs to be studied urgently. Judging from the present economic situation of our country, the market economy is becoming more and more standardized, and the competition among enterprises is becoming more intense. Based on this situation, corporate governance and internal control are more important in the daily operation of enterprises. In the current corporate enterprises, there are many problems, such as a dominant stock, weak awareness of risk management, imperfect internal control mechanisms, and so on. The most typical corporate enterprises are listed companies. These problems all exist in listed companies. If listed companies want to solve these defects and problems, they must improve their own corporate governance as soon as possible and also improve their internal control, because in enterprises, Scientific and reasonable corporate governance structure provides a good environmental basis for the internal control of enterprises. At the same time, an effective internal control mechanism can ensure the effective operation of corporate governance, and ultimately improve the efficiency of enterprise management. This interaction between the two plays a positive role in the coordinated and sustainable development of enterprises. Since the establishment of the gem, the growth rate is rapid, the scale is also gradually expanding, the operating performance is also impressive, with strong competitive strength. Therefore, the author thinks that it is very necessary and meaningful to study the internal control and corporate governance of listed companies, especially gem enterprises. Based on the above reasons, this paper studies the corporate governance and internal control of listed companies on the gem, and makes an empirical study on the relationship between the internal control and corporate governance of the gem, which is mainly the mutual relationship between the two. It includes two aspects, one is the influence of each element of corporate governance on the internal control of the enterprise, the other is the influence of each element of the internal control of the enterprise on the corporate governance. In this paper, we select a number of variables, and use principal component analysis and regression analysis to analyze and study the corporate governance and internal control of gem enterprises. This paper mainly adopts the methods of normative analysis and empirical analysis, quantitative analysis and qualitative analysis. First of all, the related theories of internal control and corporate governance are summarized, and on this basis, the relationship between internal control and corporate governance of gem enterprises is summarized. Then the main factors influencing corporate governance and internal control are selected by principal component analysis, and the main factors of corporate governance are analyzed by multiple regression. Through the empirical analysis of the correlation with internal control and internal control elements and corporate governance, the empirical conclusion is that EPS and corporate governance show positive correlation. The proportion of the largest shareholder has a negative correlation with the internal control of the enterprise, the total annual salary of the senior executive and the internal control of the enterprise are positively correlated, and the size of the board of directors has a negative correlation with the internal control of the enterprise. This paper also analyzes the reasons for these conclusions, which has a good guiding significance for the perfection and perfection of the corporate governance and internal control of gem enterprises.
【学位授予单位】：贵州财经大学
【学位级别】：硕士
【学位授予年份】：2012
【分类号】：F276.6;F832.51

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