管理层权力、内部控制与腐败治理

Management Power,Internal Control and Corruption Governance

腐败的本质是权力寻租。本文在管理层权力理论框架下,深入分析了管理层权力与腐败之间的关系,并在此基础上考察了内部控制对管理层权力诱致腐败行为的影响。实证研究结果表明:管理层权力越大,腐败越严重;内部控制质量越好,腐败越轻,并且内部控制可以抑制管理层权力诱致的腐败;进一步研究发现,腐败损害了公司价值,而内部控制则有助于提升公司价值。本文的研究表明,权力是导致腐败的重要因素,内部控制可以约束权力继而减少腐败,这为我国正在推行的通过依法治国来反腐倡廉提供了实证支持。

The nature of corruption is power rent-seeking. We deeply analyze the relationship between management power and corruption under the management power theory framework,and investigate the influence of internal control on that relationship. The results show that corruption is positively related to management power,and negatively related to internal control. And internal control can also mitigate the influence of management power on corruption. Further we still find that corruption destroys the firm value,while internal control can enhance the value. This paper shows that power is an important factor leading to corruption,internal control can restrict power and then reduce corruption. Our research provides the empirical evidence that support on the anti-corruption by the rule of law in current China.