代理成本、内部控制与企业腐败

Agency Cost, Internal Control and Corporate Corruption

腐败侵蚀社会财富、阻碍经济增长、破坏民主政治,必须坚决予以打击。反腐已成为目前理论界和实务界关注的焦点。利用我国上市公司2007-2012年企业腐败和财务数据为样本,研究了代理成本、内部控制和企业腐败的关系。实证发现:代理成本与企业腐败正相关、内部控制能削减代理成本,对企业腐败具有抑制作用。进而为抑制企业腐败,提供新的思路和政策依据。

Corruption must be strongly cracked down because of its corroding of social wealth, hindering economic growth and destructing democracy. With the improvement of people＇s cognition, corruption has become the focus in theory and practice. Using samples from 2007 to 2012 from A-share companies in China, we establish hypotheses regarding the relationship among agency cost, internal control and corporate corruption. The study found： agency cost and corporate corruption has significant positive correlation. Further research proves that internal control not only can reduce the agency cost, but also can restrain corporate corruption. So as to restrain the corporate corruption, new ideas and policy basis are provided in the paper.