发电企业内部控制对企业价值影响的研究

The Effect of Internal Control on the Value of Power Generation

我国电力行业作为技术、资金和管理的高密度、高风险性行业,决定了其必须依据行业特性来制定合理、有效的内部控制机制。本文以发电企业为研究对象,结合其电力行业特性,从内部控制五大目标的实现程度出发,建立其企业内控评价体系,并运用主成分分析、回归分析等方法研究内部控制对我国发电企业价值的影响。其结果表明,战略目标和经营目标对企业价值的影响较大,其实现程度越高,发电企业价值越高,而资产安全、财务报告目标和合规合法性目标对企业价值的影响不大。

It is known that China′s power industry is both high density and high risk in technology,capital and management so that it has to develop reasonable and effective internal control mechanisms based on its industry characteristics.In this paper,the power generation enterprise will be selected to study and set up its internal control and evaluation system combining with power industry characteristics as well as the level of achievement in five goals of internal control,and the research will be carried on in the effect of internal control mechanisms on the value of power generation enterprises with methods of Principal Component Analysis,Regression Analysis and so forth.The result shows that the value of enterprises will be influenced more on strategic and business objectives that can be described as the higher the degree,the higher the value,and less on asset security,financial report and legality objectives.