内部控制对社会资本投资行为异化的治理研究

Study on the Treatment of Internal Control to the Alienation Behavior of the Social Capital Investment

内部控制制度作为一种抑制非效率投资的有效途径,贯穿于企业各个流程。因此,选取2013-2015年沪深A股上市公司为样本,研究内部控制对我国上市公司社会资本投资及其异化行为的影响。研究发现:完善的内部控制制度对企业社会资本投资具有显著的抑制效果,同时,内部控制可以有效地治理社会资本投资异化行为。进一步研究得出:内部控制会促进社会资本投资不足,避免社会资本投资过度。研究结果为企业完善内部控制制度,避免社会资本投资行为异化提供了一定依据与参考。

As an effective way to curb inefficient investment,the internal control system runs through various processes of the enterprise and helps to avoid the alienation of corporate social capital investment.Based on this,we selected the listed companies in Shanghai and Shenzhen A as a sample from 2013 to 2015 to study the impact of internal control on the social capital investment and its alienation behavior.It is found that the internal control system has a significant inhibitory effect on the investment of corporate social capital.At the same time,the internal control can effectively control the alienation of social capital investment,and further study:internal control will increase the phenomenon of underdevelopment of social capital investment,Slowing the phenomenon of excessive investment in social capital investment,and thus enrich the social capital investment alienation of the literature.