公司战略会影响管理层财务报告内部控制自我评价质量吗?

Does Corporate Strategy Affect the Quality of Internal Control Self-evaluation?

研究将管理层内部控制自我评价质量界定为“管理层对内部控制重大缺陷的发现倾向和揭示倾向的联合概率”,基于A股上市公司2015-2021年样本,探讨了公司战略对管理层财务报告内部控制自我评价质量的影响程度及影响机制。研究发现,激进型公司战略显著降低了管理层对财务报告内部控制重大缺陷的发现倾向和揭示倾向,从而降低了财务报告内部控制自我评价报告质量。进一步研究表明,高管年龄能够显著调节激进型公司战略对管理层发现倾向和揭示倾向的影响作用;较高的内部控制质量不仅能够显著降低激进型公司战略对管理层揭示倾向的影响,而且能够显著降低激进型公司战略与低质量财报内部控制自我评价报告的相关关系。研究从公司战略视角对资本市场普遍存在的管理层内部控制自我评价质量不高的现象提供了理论解释,丰富了公司战略影响内部控制自我评价的相关研究。

On the basis of defining the quality of management internal control selfevaluation as the joint probability of management’s inclination to identify and disclose major internal control deficiencies,this paper examines the impact degree and mechanism of corporate strategy on the quality of management internal control self-evaluation by using a sample of A-share listed firms from 2015 to 2021.The study reveals that an aggressive corporate strategy significantly diminishes management’s inclination to identify and disclose major deficiencies in internal financial reporting controls,and consequently lowers the quality of the internal control self-evaluation report.Further study indicates that the age of executives can significantly adjust the impact of aggressive corporate strategies on management’s inclination to identify and disclose.Higher quality of internal control not only significantly mitigates the impact of an aggressive corporate strategy on management’s disclosure inclination,but also markedly decreases the correlation between an aggressive corporate strategy and a low-quality financial reporting internal control selfevaluation report.This study offers a theoretical explanation for the low-quality of management internal control self-evaluation in the capital market from the perspective of corporate strategy,and contributes to the existing research on the impact of corporate strategy on internal control self-evaluation.