内部控制质量对公司投资效率相关性探讨

On Influence of Internal Control Quality to Investment Efficiency

在我国相关内控指引频繁发布的前提下,良好的内部控制质量是否有利于抑制企业的非效率投资行为?本文首先分析了导致企业非理性投资行为发生的主要原因,并阐述了内部控制质量通过何种方式来矫正企业的非效率投资行为;其次,进一步分析不同产品市场竞争环境下,内部控制质量对投资效率的影响程度是否存在差异。研究表明:高质量内部控制的确可以抑制企业的非效率投资现象,并且这种抑制作用在竞争程度较低行业更显著。

Under the premise of relevant internal control guidelines frequently published in our country, a good internal control quality is beneficial to inhibit the inefficient investment behavior of the organization. This paper firstly analyzes the leading companies of the main reasons for irrational investment behavior, and expounds the quality of internal control through what way to correct the efficiency of investment behavior. Secondly, further analysis under different product market competition environment, the influence degree of the internal quality control on the investment efficiency whether there is a difference. Research has shown that high quality internal control can inhibit the efficiency of investment phenomenon, and the inhibition on the lower level of competition industry is more significant.