企业外部规制影响内部控制有效性研究——来自中国上市公司的经验证据

A Research on How Enterprise External Institutional Factors Affect the Effectiveness of Internal Control: Evidence from Listed Companies in China

以我国2009-2012年沪市A股上市公司为样本,通过尝试建立以目标为导向的内部控制有效性评价指标体系,实证分析了市场化程度、法律制度、政府干预、注册会计师审计和媒体关注等制度性因素对内部控制有效性的影响。研究结果表明,市场化程度、法律制度、媒体关注与内部控制有效性呈显著正相关;注册会计师审计与内部控制有效性之间不存在显著的相关性;政府干预与内部控制有效性呈显著负相关。这些研究结论表明,在研究企业内部控制有效性问题时,必须考虑企业外部制度性因素的影响。这些研究结论对于我们深入理解内部控制和外部控制之间的关系以及加强对两者之间的有效整合具有一定的启示意义。

By taking Shanghai A-share listed companies in China from 2009 to 2012 as the sample, this paper makes at- tempts to build a target-oriented evaluation index of the effectiveness of internal control. Furthermore, it conducts an empirical analysis on the influence of such institutional factors as the degree of marketization, legal system, government interfered, CPA audit and media focus on the effectiveness of international control. It is suggested by the research re- suits that the degree of marketization, legal system, and media focus show significant positive correlation with the effec- tiveness of internal control, government interfered is weak positive related to the effectiveness of internal control, while the government intervention shows significant negative correlation. As it is shown by the conclusions, the study on the effectiveness of corporate internal control must take the influence of such external control as institutional environment into consideration. Only an effective combination of internal and external control can realize the maximum efficiency. These conclusions are of certain significance in inspiring in-depth understanding of the relations between internal and external control and reinforcementof effective integration of these two.