中小板上市公司内部控制与企业成长性研究

发布时间：2018-01-08 03:07

本文关键词：中小板上市公司内部控制与企业成长性研究　出处：《太原理工大学》2017年硕士论文　论文类型：学位论文

【摘要】：中小企业对国民经济和社会发展发挥重要作用,同时其成长受到内外部因素的阻碍,其中主要外部问题是融资问题。为此,政府设立中小企业板等市场为其解决融资问题;但是,中小企业想要持续成长,更重要的是努力提高自身素质。内部控制的完善对企业全面素质的提升有着非常重要的意义,然而中小企业在内控的设计和执行存在许多不足,导致企业管理效率低,抗风险能力弱,进而导致难以生存,更难以持续成长。本文在内部控制和企业成长相关理论基础上梳理和归纳了研究现状。界定相关概念之后,初步研究了中小板上市公司内控和成长的基本状况,进而研究了内控信息披露与内部控制有效性对企业成长性的理论分析并提出研究假设,同时提出了在内控对企业成长性发挥作用过程中的中介变量:代理成本和投资效率。本文以中小板上市的2011-2015年481家公司面板数据为样本;设计了内控信息披露指标和成长性指标,借鉴了内部控制指数、代理成本和投资效率的相关指标以构建模型。本文实证研究过程如下:首先对指标值进行计算,然后对变量做描述性统计,再通过相关性分析进行初步验证,最后通过回归分析和中介效应分析,完成实证检验。结果表明:内控信息披露质量与中小板上市公司成长性呈正相关,但不显著;内部控制有效性与中小板上市公司成长性呈显著正相关,且代理成本和投资效率发挥了部分中介效用。最后,本文对研究结论进行了总结,并在此基础上从监管者、公司管理层以及投资者三个角度提出了改善内部控制相关工作的对策与建议;同时指出了论文存在的不足和未来可能的研究方向作为后续研究的参考。
[Abstract]:Small and medium-sized enterprises play an important role in the national economic and social development, and the growth by the internal and external factors, the main problem is the external financing problem. Therefore, the government set up the small and medium-sized enterprise board market to solve the financing problem for it; however, small and medium enterprises to sustainable development, more important is to improve their own quality. A very important significance to improve the internal control of the enterprise to enhance the overall quality of small and medium-sized enterprises, but there are many problems in the design and implementation of the internal control of the enterprise, resulting in low efficiency of management, weak anti risk ability, and makes it difficult to survive, more difficult to continue to grow. Based on the internal control and enterprise growth on the basis of relevant theories and analysis summed up the research status quo. After the definition of related concepts and the basic situation of the SME board listed companies internal control and growth, and then studied the internal control information disclosure and internal Department of control effectiveness analysis of enterprise growth theory and put forward the research hypothesis, and proposed to play mediating role in the process of internal control of enterprise growth: agency cost and investment efficiency. This paper listed on SME board 2011-2015 481 companies as a sample of panel data; the design of internal control information disclosure index and growth the index, from the internal control index, relevant indicators of agency cost and efficiency of investment to build the models. In this paper, the empirical study is as follows: firstly, the index value is calculated, then the descriptive statistics of the variables, and then verified by correlation analysis, finally through regression analysis and mediating effect analysis, the empirical results show that complete.: the internal control information disclosure quality of listed companies and SME growth are positively correlated, but not significantly; the effectiveness of internal control and the small board listed company growth is Significant positive correlation, and the agency cost and investment efficiency play a partial mediating effect. Finally, we summarized the conclusion of this paper, and on this basis from regulators, three aspects of the management of the company and investors put forward countermeasures to improve the internal control related work and suggestions; and points out the deficiencies and the future the direction of research as a reference for future research.

【学位授予单位】：太原理工大学
【学位级别】：硕士
【学位授予年份】：2017
【分类号】：F275;F832.51

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