资本结构、内部控制与公司绩效--基于中国银行类上市公司的实证研究

Capital Structure,Internal Control and Corporate Performance——Empirical Evidence from the Listed Bank Companies

本文以资本结构、内部控制及公司绩效的关系为研究对象,以我国银行类上市公司为研究样本,通过内部控制评价指标体系的构建,并从公司层面上探讨三者的相互作用机理。实证检验的结果表明:就我国银行类上市公司而言,其内部控制评价指数与公司业绩存在显著正相关关系,资本集中度与公司绩效之间存在显著负相关关系,并且资本集中度是内部控制水平与公司绩效的中介变量。该研究结论为我国银行进行内部控制和风险管理建设提供依据,并为监管层的决策制定提供参考。

This paper develops an evaluation index system of internal control, based on empirical evidence from the listed bank companies. The interaction among capital structure, internal control and corporate performance has been explored. Our empirical evidences show that, as for the listed bank companies, there is a significant positive correlation between their internal control evaluation index and performance, but a significant negative correlation between the concentration of capital and performance also exits. This study contributes to internal control and risk management of Chinese banks, and provides a basis reference for regulators＇ decision - making.