上市企业内部控制有效性评价实证检验

Empirical Test of the Effectiveness Evaluation of Internal Control of Listed Companies

内部控制是企业管理的重要组成部分,其主要目标是有效地控制企业风险。因此,文章基于ERM框架构建了内部控制评价指标体系,并利用改进的因子分析方法对2011-2017年深沪上市企业数据进行了实证分析。结果发现:我国上市企业的整体内部控制质量较低,尤其是目标设定、控制活动、内部监督和信息与沟通因子表现较为薄弱;通过对比分析深沪两市上市企业内部控制质量发现,深交所上市企业表现略好,存在"深强沪弱"的现象。因此,需要更好地制定和完善我国内部控制相关制度和法律法规,提升企业内部控制信息披露质量。

Internal control is an important part of enterprise management, and its main goal is to effectively control enterprise risk. This paper is based on the ERM framework to construct the internal control evaluation index system, and uses the improved factor analysis method to empirically analyze the data of Shenzhen-Shanghai listed enterprises from 2011 to 2017. The results show that the overall internal control quality of the listed companies in China is low, and especially the performance of target setting, control activities, internal supervision, information and communication factors is weak;through comparative analysis of the internal control quality of listed companies in Shenzhen and Shanghai, it is found that the listed companies in Shenzhen Stock Exchange perform slightly better, and the phenomenon of"strong Shenzhen"and"weak Shanghai"exists. Therefore, it is necessary to formulate and perfect the relevant internal control systems and laws and regulations in our country to improve the quality of internal control information disclosure.