会计信息可比性、内部控制质量与并购绩效

Comparability of Accounting Information, Quality of Internal Control and M&A Performance

扩张的新路径。并购是公司以低门槛进入其他行业壁垒,扩大自身规模的重要战略手段。近年来,我国并购市场交易总规模总体较大,表明公司偏向选择并购交易来提高市场的核心竞争力、巩固公司的市场地位。基于此,本文决定探究会计信息可比性、内部控制质量与并购绩效之间的关系,并对会计信息可比性对并购绩效的影响进行细分研究。本文通过梳理和回顾国内外的文献,提出理论假设,以我国2008~2021年沪深A股非金融类上市公司发生的并购交易作为样本数据,实证检验会计信息可比性、内部控制质量与并购绩效之间的关系。第一,会计信息可比性与公司并购绩效存在正向关系。第二,内部控制质量能够增强会计信息可比性对并购绩效的提升。

With the en-hancement of its own strength, in order to expand competitiveness, improve innovation ability and seek diversified development, the company needs to implement merger and acquisition strategy to explore a new path of expansion. Merger and acquisition is an important strategic means for com-panies to enter other industry barriers with low thresholds and expand their scale. In recent years, the total transaction scale of China’s M&A market is generally large, indicating that companies pre-fer to choose M&A transactions to improve the core competitiveness of the market and consolidate the company’s market position. Based on this, this paper decides to explore the relationship be-tween comparability of accounting information, internal control quality and M&A performance, and conduct a subdivision study on the impact of comparability of accounting information on M&A per-formance. By combing and reviewing literature at home and abroad, this paper puts forward theoretical hypotheses and empirically tests the relationship between comparability of accounting in-formation, quality of internal control and M&A performance by taking M&A transactions of Shang-hai and Shenzhen A-share non-financial listed companies in China from 2008 to 2021 as sample data. First, there is a positive relationship between comparability of accounting information and corporate M&A performance. Second, the quality of internal control can enhance the comparability of accounting information to improve the performance of mergers and acquisitions.