内部审计质量对企业投资效率的影响研究

A Correlation Study on Internal Audit Quality and Investment Efficiency of Company

企业投资效率直接影响企业价值最大化目标的实现。近年来,我国企业非效率投资现象普遍存在。公司治理机制健全与否影响企业投资效率,作为公司治理四大基石之一的内部审计对企业投资效率是否有影响呢?基于此,实证研究企业内部审计是否能够抑制企业非效率投资,提高企业投资效率。研究结果表明:内部审计质量与投资过度、投资不足负相关。研究结果丰富了内部审计研究和投资效率研究的相关文献,同时为企业提高投资效率提供了新的途径。

The investment efficiency of company directly affects the company to realize the goal of maximizing value. Recently, it is common to see inefficient investment in companies of China. Whether the corporate governance mechanism is sound or not affects the investment efficiency of company. Can internal audit, as one of the four cornerstones of corporate governance, affect company＇s investment efficiency？ Based on this, the paper makes an empirical study on whether internal audit is able to reduce the inefficient investment and improve the investment efficiency in a company. Study results have shown that there exists a negative connection between the quality of internal audit and overinvestment or underinvestment. The research has enriched the related reviews of internal audit and investment efficiency. Meanwhile, it has also put forward a new approach to enhancing investment efficiency.