發(fā)布時(shí)間：2018-05-05 15:44

  本文選題：內(nèi)部控制 + 行業(yè)專(zhuān)長(zhǎng)�。� 參考：《浙江工商大學(xué)》2017年碩士論文

【摘要】：高質(zhì)量?jī)?nèi)部控制既可以優(yōu)化企業(yè)管理,提高企業(yè)經(jīng)營(yíng)效率,提升業(yè)績(jī),降低銀行的債務(wù)風(fēng)險(xiǎn),又可以緩解信息不對(duì)稱,在企業(yè)與債權(quán)人之間起到置信作用。具有行業(yè)專(zhuān)長(zhǎng)的會(huì)計(jì)師事務(wù)所具有更好的專(zhuān)業(yè)技能和經(jīng)驗(yàn),有利于保障和提高審計(jì)質(zhì)量,緩解信息不對(duì)稱,增加信息透明度,降低企業(yè)債務(wù)融資成本�；诖�,本文對(duì)內(nèi)部控制與事務(wù)所行業(yè)專(zhuān)長(zhǎng)是否能單獨(dú)降低企業(yè)債務(wù)融資成本并且在聯(lián)合作用下是否存在一定替代效應(yīng)的問(wèn)題展開(kāi)研究。論文把內(nèi)部控制和行業(yè)專(zhuān)長(zhǎng)交互關(guān)系研究擴(kuò)展到了債務(wù)融資成本方面,豐富了債務(wù)融成本影響因素的研究。論文首先對(duì)國(guó)內(nèi)外該領(lǐng)域的文獻(xiàn)進(jìn)行了分類(lèi)梳理,利用委托代理理論、信息傳遞不對(duì)稱等理論分析內(nèi)部控制和事務(wù)所行業(yè)專(zhuān)長(zhǎng)影響融資成本的的原因,其次,選取我國(guó)A股上市公司2010—2014年共4315個(gè)樣本為研究對(duì)象,對(duì)研究假設(shè)進(jìn)行檢驗(yàn)。實(shí)證結(jié)果發(fā)現(xiàn):高質(zhì)量?jī)?nèi)部控制和事務(wù)所行業(yè)專(zhuān)長(zhǎng)均能夠起到降低企業(yè)債務(wù)融資成本的作用;同時(shí)兩者對(duì)債務(wù)融資成本的共同作用存在一定的替代效應(yīng):當(dāng)企業(yè)內(nèi)控質(zhì)量越差時(shí),行業(yè)專(zhuān)長(zhǎng)對(duì)債務(wù)成本降低的效用越大;反之,當(dāng)企業(yè)內(nèi)控質(zhì)量越好時(shí),行業(yè)專(zhuān)長(zhǎng)對(duì)債務(wù)成本降低的效用越小。并且進(jìn)一步分組檢驗(yàn)該替代效應(yīng)是否會(huì)受到制度背景的影響。最后,本文根據(jù)理論分析和實(shí)證檢驗(yàn)結(jié)果,針對(duì)我國(guó)市場(chǎng)情況,分別從企業(yè),事務(wù)所以及監(jiān)管部門(mén)角度提出了提高企業(yè)內(nèi)部控制質(zhì)量,發(fā)展事務(wù)所行業(yè)專(zhuān)長(zhǎng),降低企業(yè)債務(wù)融資成本的建議,為促進(jìn)我國(guó)企業(yè)健康發(fā)展,完善金融市場(chǎng)秩序提供了借鑒。
[Abstract]:High quality internal control can not only optimize enterprise management, improve business efficiency, improve performance, reduce bank debt risk, but also alleviate information asymmetry, and play a confidence role between enterprises and creditors. Accounting firms with industry expertise have better professional skills and experience, which is conducive to ensure and improve audit quality, ease information asymmetry, increase information transparency, and reduce the cost of corporate debt financing. Based on this, this paper studies whether internal control and firm industry expertise can reduce the corporate debt financing cost alone and whether there is a certain substitution effect under the joint action. This paper extends the research on the interaction between internal control and industry expertise to debt financing cost, which enriches the research on the influencing factors of debt financing cost. Firstly, the paper classifies the domestic and foreign literature in this field, analyzes the reasons why internal control and firm industry expertise affect the financing cost by using the principal-agent theory and asymmetric information transmission theory. A total of 435 samples of A-share listed companies in China from 2010 to 2014 were selected to test the research hypotheses. The empirical results show that: high quality internal control and firm industry expertise can play a role in reducing corporate debt financing costs; At the same time, there is a certain substitution effect on debt financing cost: when the quality of internal control is worse, the utility of industry expertise to reduce debt cost is greater; on the contrary, when the quality of internal control is better, The smaller the utility of industry expertise in reducing the cost of debt. And further group test whether the substitution effect will be affected by the institutional background. Finally, according to the theoretical analysis and empirical test results, according to the market situation in China, this paper proposes to improve the quality of internal control and develop the professional expertise of the firm from the perspective of enterprises, firms and regulatory authorities, respectively. The suggestion of reducing the cost of enterprise debt financing provides a reference for promoting the healthy development of Chinese enterprises and perfecting the order of financial market.
【學(xué)位授予單位】：浙江工商大學(xué)
【學(xué)位級(jí)別】：碩士
【學(xué)位授予年份】：2017
【分類(lèi)號(hào)】：F275

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本文編號(hào)：1848274