高管权力及其对内部控制的影响——基于中国上市公司的实证研究

Managerial Power and its Impact on Internal Control: Based on Empirical Analysis on Listed Companies in China

结合中国上市公司的实际,利用主成分分析法构造出高管权力结构的四个维度,并就高管权力构成对内部控制的作用关系进行了回归分析。研究发现,高管组织权力、能力权力会对企业内部控制的有效性产生显著的负面影响,而高管所有权权力会对内部控制的有效性产生积极作用,且有效的外部监管机制也会对高管权力产生重大影响,进而提高企业内部控制的有效性。

Based on the practice of Chinese listed companies, the paper constructed the power structure of corpo- rate executives by principal component analysis, and studied the relationship of managerial power on internal con- trol by regression analysis. The study found that managerial structure power, ability power and ownership power all have significant role in internal control, and effective external governance mechanism has significant impact on managerial power, thereby increasing the effectiveness of internal control