外部治理环境、内部控制与公司绩效

发布时间：2018-02-26 07:35

本文关键词： 外部治理环境内部控制公司绩效　出处：《重庆理工大学》2017年硕士论文　论文类型：学位论文

【摘要】：内部控制作为影响企业效率的重要因素之一,成为了近年来学术界研究的热点问题,国内外学者纷纷对其展开了广泛研究和深入探析,尤其是《企业内部控制基本规范》和配套指引的颁布和实施,表明内部控制体系的建立以及政府部门对内部控制高度的重视,同时也向企业管理层传递了内部控制对企业持续健康发展和改善经营绩效的重要性。但是,企业各项经济活动的开展不仅仅依靠健全的内部管理制度,还应该与所处的外部治理环境相协调,共同发挥作用以提升公司绩效。我国幅员辽阔,不同的地区在地理环境、文化习俗、资源分布、开发程度、政策引导等方面都存在差异,体现在市场化进程程度的不同,包括市场发育程度、政府的干预、市场竞争、中介组织和法律制度环境、非国有经济所占比重等。这些外部因素会影响企业的生产决策并激励管理层加强内部控制制度的执行,从而提升企业绩效。本文研究了内部控制与公司绩效的关系之后,引入了外部治理环境因素,探讨内部控制是否受外部治理环境的影响从而作用于企业绩效。本文选取2012-2015年沪深A股上市公司为研究对象,采用回归分析方法检验企业内部控制对公司绩效的影响会受到外部治理环境的何种传导机制。研究结果表明:(1)内部控制质量的提高能有效促进公司经营绩效的提升;(2)提高外部治理环境会促进内部控制对公司绩效的影响,市场化进程总指数是反映外部治理环境的综合指标,该指标越大代表外部治理环境越好。本文选取政府与市场关系、市场中介组织和法律制度环境两个分指标进一步验证假设,实证结果表明政府与市场关系的改善、法制化水平的提高能够促进内部控制对公司绩效的影响。(3)由于区域间外部治理环境存在较大差异,表现在东部地区和西部地区差异最明显,与西部地区相比,东部地区外部治理环境的提高促进内部控制对公司绩效的影响更为显著。
[Abstract]:As one of the important factors affecting the efficiency of enterprises, internal control has become a hot topic in academic circles in recent years, and scholars at home and abroad have carried out extensive research and in-depth analysis on it. In particular, the promulgation and implementation of the basic norms of Enterprise Internal Control and supporting guidelines indicate that the establishment of the internal control system and the importance attached by government departments to internal control, At the same time, it also conveys the importance of internal control to the sustainable and healthy development of enterprises and the improvement of business performance. However, the development of various economic activities of enterprises not only depends on a sound internal management system, We should also coordinate with our external governance environment to play a joint role in improving the company's performance. Our country has a vast territory, and there are differences in geographical environment, cultural customs, distribution of resources, level of development, and policy guidance in different regions. This is reflected in the degree of marketization, including the degree of market development, government intervention, market competition, intermediary organizations and the legal system environment, The proportion of non-state-owned economy and so on. These external factors will affect the production decision of the enterprise and encourage the management to strengthen the implementation of internal control system, thus improve the performance of the enterprise. After studying the relationship between internal control and corporate performance, this paper studies the relationship between internal control and corporate performance. This paper introduces the external governance environment factors, discusses whether the internal control is affected by the external governance environment and thus affects the enterprise performance. This paper selects the Shanghai and Shenzhen A-share listed companies from 2012-2015 as the research object, and discusses whether the internal control is affected by the external governance environment. The regression analysis method is used to test what transmission mechanism the influence of internal control on corporate performance will be caused by the external governance environment. The research results show that the improvement of internal control quality can effectively promote the improvement of corporate performance. Improving the external governance environment will promote the impact of internal control on the performance of the company. The overall index of market-oriented process is a comprehensive index to reflect the external governance environment. The larger the index is, the better the external governance environment is. This paper selects the relationship between the government and the market, the market intermediary organization and the legal system environment to further verify the hypothesis. The empirical results show that the improvement of the relationship between the government and the market and the improvement of the level of legalization can promote the impact of internal control on corporate performance. Compared with the western region, the improvement of the external governance environment in the eastern region promotes the internal control to affect the company performance more significantly.
【学位授予单位】：重庆理工大学
【学位级别】：硕士
【学位授予年份】：2017
【分类号】：F275;F832.51

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