内部控制信息披露质量与企业绩效相关性新研究

A New Study on the Correlation between Quality of Internal Control Information Disclosure and Enterprises' Performance

本文以企业内部控制自我评价报告模板为依据,摈弃前人相关内部控制信息披露实证研究所使用数据的缺陷性,构建评价模型,进行内部控制信息披露质量与企业绩效相关性实证研究。研究表明:内部控制信息披露质量与企业绩效不具有相关性;中小板、创业板企业在内部控制信息披露问题上,可能存在着一定的机会主义倾向。我国内部控制报告信息披露制度应在考虑上市公司行业及规模特征后,对其区别对待、逐步实施,继续提高内部控制信息披露的规范性,加强对投资者权益的保护,提升企业绩效,增加股东和企业价值。

Based on the self-assessment report templates of listed companies' internal control, this paper builds evaluation model and makes a completely new empirical study of the correlation between the internal control information disclosure quality and the enterprises' performance, in which the defective data of the previous empirical researches are abandoned on internal control information disclosure. This research indicates that there is no correlation between the enterprise performance and the quality of information disclosure of internal control. It also shows that listed enterprises in SME board and the GEM board have a tendency of opportunism concerning internal control information disclosure. The report system of internal control information disclosure should be put into force in different paces with the due consideration of the trade features and the scales of each enterprise listed in the stock market so as to progressively improve the quality of internal control information disclosure. By treating each enterprise on its merits and standardizing the internal control information disclosure, investors' right can be protected and the performance of enterprises be improved so that the value of shareholders and enterprises are increased.