腐败治理背景对内部控制有效性的影响研究——基于A股上市公司的经验证据

A Study on the Influence of Corruption Governance Background on the Effectiveness of Internal Control——Empirical Evidence Based on A-Share Listed Companies

腐败的本质是"权力寻租",而高管腐败作为腐败在经济领域的渗透,对整个社会和经济也具有严重的破坏性。论文拟以2011-2014全部A股上市公司数据作为样本,着重检验内部控制是否能够充当遏制高管腐败行为的有效机制与手段。论文最终结果表明,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。

The nature of corruption is ＂power seeking rent＂, and executive corruption as penetration of corruption in the economic field, it has serious destructive harm to the whole society and the economy. This paper intends to use all A-share listed company data of 2011-2014 as sample, focus to test whether the internal control can act as an effective mechanism and way to curb the corrupt behavior of executives. The paper shows that the greater the power of management, the more serious corruption, the better the quality of internal control, the lighter the corruption, and the internal control can curb corruption caused by management power. The further study found that con＇uption hurts the corporate value, while internal control helps to increase the corporate value.