基于目标导向性内部控制指数的应用效果研究

Research on Application Effect of Target-oriented Internal Control Index

内部控制评价及内部控制实施的效果是内部控制理论和实务界的热点问题。立足我国制度背景,以2009—2015年的上海证券交易所上市公司为样本,以内部控制的五个目标为基础构建了内部控制指数模型,对内部控制指数进行计算,并且检验上市公司内部控制指数在实际应用中是否有效。以内部控制的四个因素的相关性为例,证明内部控制指数与两权分离度、股权收益等方面的有正相关关系,实证结果表明内部控制指数无论在理论还是应用过程中有显著的效果,即外部使用者可以通过内部控制指数来判断企业治理及财务状况等。最后,以本文的研究结果和相关结论为基础,提出了一些建议,使内部控制发展更符合中国国情。

The evaluation of internal control and the effect of its implementation have always been the hot issues in both theory and practice of internal control.Based on the background of China＇s system,taking the listed companies of Shanghai Stock Exchange during the years from 2009 to 2015 as a sample,this paper builds a model of internal control index based on the five goals of internal control to calculate the internal control index.Moreover,we test the significance of the listed companies＇ internal control index in practical application.Taking the correlation of the four factors of internal control as an example,it proves that internal control index have a positive correlation with the degree of separation of ownership and operation,the equity income,etc.The empirical results show that the internal control index has a significant effect in both theory and application process.That is to say,external users can judge corporate governance,financial conditions,etc.through the internal control index.Finally,based on the research results and the related conclusion in this paper,some suggestions are put forward to make the development of internal control more suitable for China＇s national conditions.