权力差距、高管过度自信与内部控制质量

发布时间：2018-06-23 04:09

  本文选题：内部控制 + 权力差距　； 参考：《南京大学》2017年硕士论文

【摘要】：安然、世通等一系列公司财务报表舞弊事件发生后,人们意识到健全有效的内部控制对预防此类事件的发生具有重要作用,企业内部控制建设得到了政府监管机构、企业界和会计职业界的空前重视。管理层在企业内部控制建设过程中扮演"中心角色",对内部控制的建立、执行、监督均有着重要影响。已有文献表明管理层权力、高管过度自信与内部控制质量之间存在关联,本文立足于董事长与总经理的微观层面,结合委托代理理论、管理层权力理论、管理层过度自信理论,分析两者权力差距、高管过度自信对内部控制的作用机理,并进一步探究存在高管自信时,权力差距对内部控制的影响是否会发生变化,本文以2009-2015年A股上市公司为研究样本进行实证检验。研究结果表明:(1)权力差距与内部控制显著正相关。具体来说,权力差距带来的好处不管是国企还是非国企均存在,从权力差距测量的几个方面来看,任期、创始人权力、政治背景所带来的权力差距具有显著作用。(2)高管过度自信对内部控制质量具有显著负向影响。(3)高管过度自信会削弱权力差距对内部控制的积极作用。本文研究结果为上市公司如何通过权力配置提升内部控制提供了经验参考。董事长与总经理作为上市公司的核心权力结构,两者的权力差距有助于解决两者的代理问题,促进内部控制执行效率以及更好的发挥董事长的监督职责。所以企业在内部控制建设过程中应当合理配置董事长和总经理的权力。
[Abstract]:After a series of financial statement fraud incidents, such as Enron and WorldCom, people realized that sound and effective internal control plays an important role in preventing such incidents. The unprecedented attention of the business community and the accounting profession. Management plays a central role in the construction of internal control, which has an important impact on the establishment, implementation and supervision of internal control. There is a relationship between management power, executive overconfidence and internal control quality. This paper is based on the micro level of chairman and general manager, combined with principal-agent theory, management power theory, management overconfidence theory. Analyze the power gap, the mechanism of executive overconfidence to internal control, and further explore whether the influence of power gap on internal control will change when there is executive confidence. In this paper, A-share listed companies from 2009-2015 as a sample for empirical testing. The results show that: (1) there is a significant positive correlation between power gap and internal control. Specifically, the benefits of the power gap exist in both state-owned and non-state-owned enterprises. From several aspects of the measurement of the power gap, the term of office, the power of the founder, The power gap brought by the political background has a significant effect. (2) the executive overconfidence has a significant negative impact on the internal control quality. (3) the executive overconfidence will weaken the positive effect of the power gap on the internal control. The results of this study provide an empirical reference for listed companies how to promote internal control through power allocation. As the core power structure of the listed company, the power gap between the chairman and the general manager is helpful to solve the agency problem, to promote the efficiency of internal control and to give full play to the supervisory responsibility of the chairman. Therefore, enterprises should reasonably allocate the power of chairman and general manager in the process of internal control construction.
【学位授予单位】：南京大学
【学位级别】：硕士
【学位授予年份】：2017
【分类号】：F275;F272.91
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本文编号：2055702