异质机构投资者对内部控制审计的影响

发布时间：2018-02-10 01:03

本文关键词： 异质机构投资者上市公司内部控制审计　出处：《重庆理工大学》2014年硕士论文　论文类型：学位论文

【摘要】：审计的价值在于实现会计信息的价值增值。审计所发挥的治理作用在内部控制进入审计视野后发生了新的变化。内部控制审计作为优化内部控制监督机制的一项重要制度安排，是内部控制在企业中有效实施的重要保障。随着一系列由于内部控制失效引发的财务舞弊事件的发生，内部控制审计成为了社会各界关注的重要领域。目前，在机构投资者迅速发展的带动下，理论界和实务界越来越关注机构投资者对公司治理的积极影响。本文以内部控制审计为研究对象，从异质机构投资者的角度，采用实证分析为主的研究方法，结合我国上市公司2012年内部控制审计披露情况来分析异质机构投资者对内部控制审计的影响。首先，本文回顾和评价了国内外关于内部控制审计以及异质机构投资者的研究文献。通过分析评价国内外专家学者们关于机构投资者与内部控制审计方面的研究成果，为本文的理论分析和实证检验部分奠定基础。其次，本文从经济学角度来分析异质机构投资者对内部控制审计的影响，主要运用了委托代理理论、信号传递理论和信息不对称理论。理论分析表明：压力抵制型机构投资者会对内部控制审计产生积极影响。再次，用样本数据实证检验了异质机构投资者对内部控制审计的影响。经过理论分析，本文提出关于异质机构投资者对内部控制审计影响的三个假设，并通过收集整理2012年上市公司的相关数据，主要采用描述性统计、相关性分析和逻辑回归的方法对假设进行实证检验。本文检验发现异质机构投资者持股会对内部控制审计产生影响，其中：压力敏感型机构投资者持股比例的变化，对上市公司自愿披露内部控制审计报告的影响不明显；压力抵制型机构投资者持股比例越高，上市公司自愿披露内部控制审计报告的程度越高。最后，在理论分析与实证研究的基础上，提出了相关政策建议：大力发展机构投资者，，实现机构投资者的规模化和多元化；积极引导机构投资者发挥治理效应，实现积极股东主义投资；培育优秀的机构投资者队伍。
[Abstract]:The value of audit lies in realizing the value increment of accounting information. The governance function of audit has changed after the internal control has entered the audit field of vision. Internal control audit is an important institutional arrangement to optimize the internal control supervision mechanism. Internal control is an important guarantee for the effective implementation of internal control in enterprises. With the occurrence of a series of financial fraud events caused by the failure of internal control, internal control audit has become an important area of concern to all sectors of society. At present, Driven by the rapid development of institutional investors, the theorists and practitioners are paying more and more attention to the positive impact of institutional investors on corporate governance. This paper adopts the empirical analysis method to analyze the influence of heterogeneous institutional investors on internal control audit combined with the disclosure of internal control audit of listed companies in China in 2012. First of all, this paper reviews and evaluates the domestic and foreign literature on internal control audit and heterogeneous institutional investors. Through the analysis and evaluation of domestic and foreign experts and scholars on institutional investors and internal control audit research results, It lays a foundation for the theoretical analysis and empirical test of this paper. Secondly, this paper analyzes the influence of heterogeneous institutional investors on internal control audit from the perspective of economics, mainly using the principal-agent theory. Signal transmission theory and information asymmetry theory. Theoretical analysis shows that pressure-resistant institutional investors will have a positive impact on internal control audit. Thirdly, the paper empirically tests the influence of heterogeneous institutional investors on internal control audit with sample data. Through theoretical analysis, this paper puts forward three hypotheses about the influence of heterogeneous institutional investors on internal control audit. And through collecting and collating the relevant data of listed companies in 2012, mainly using descriptive statistics, Correlation analysis and logical regression are used to test the hypothesis. This paper finds that heterogeneous institutional investors' shareholding will have an impact on internal control audit, including: the change of the proportion of pressure sensitive institutional investors' shareholding. The impact on the voluntary disclosure of internal control audit report of listed companies is not obvious; the higher the proportion of pressure and resistance institutional investors hold, the higher the degree of voluntary disclosure of internal control audit reports of listed companies. Finally, on the basis of theoretical analysis and empirical research, the paper puts forward some relevant policy suggestions: vigorously developing institutional investors, realizing the scale and diversification of institutional investors, actively guiding institutional investors to exert the governance effect, To realize active shareholder investment and cultivate excellent institutional investors.
【学位授予单位】：重庆理工大学
【学位级别】：硕士
【学位授予年份】：2014
【分类号】：F239.45;F275;F276.6

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