内部控制对企业价值的影响研究

The Influence of the Internal Control of Enterprise Value

企业价值提升是企业管理中一个永恒的主题,随着我国内部控制基本规范的建立和在企业中的实施,内部控制是否发挥了预期的作用一直备受企业管理者和政策制定者关注。文章利用上市公司数据对企业内部控制实施效果是否影响企业价值进行了实证分析,发现内部控制5要素中,4个要素对企业价值具有显著的正向影响,但内部监督与企业价值负相关,而内部控制综合指标与企业价值正相关,文章研究结论对企业内部控制建立和实施具有重要的意义。

Whether internal control play a role of the expected has been praised by enterprise managers and policy makers. Using the data of listed companies to the enterprise internal control implementation effect whether the enterprise value has carried on the empirical analysis,this paper found that five factors of internal control, the four elements of the enterprise value has significant positive influence, but negatively related to the internal supervision and enterprise value, and the comprehensive index and enterprise value are related to the internal control.The conclusion of the article is of great significance to the establishment and implementation of internal control of enterprises.