本文關(guān)鍵詞：基于監(jiān)督機(jī)制的上市公司內(nèi)部控制缺陷披露研究　出處：《安徽財(cái)經(jīng)大學(xué)》2014年碩士論文　論文類型：學(xué)位論文

  更多相關(guān)文章： 內(nèi)部控制缺陷 信息披露 影響因素 權(quán)益資本成本

【摘要】：近年來(lái),世界范圍內(nèi),由于內(nèi)部控制問(wèn)題而導(dǎo)致的企業(yè)經(jīng)營(yíng)失敗或財(cái)務(wù)舞弊案件層出不窮,內(nèi)部控制受到了社會(huì)各界的高度關(guān)注。內(nèi)部控制缺陷往往是導(dǎo)致內(nèi)部控制失效的重要原因,往往使企業(yè)不能有效防范錯(cuò)誤或舞弊的發(fā)生。因此,內(nèi)部控制缺陷信息披露問(wèn)題引起學(xué)術(shù)界的高度關(guān)注。一方面它反映了企業(yè)內(nèi)部控制的執(zhí)行情況,這有助于投資者和監(jiān)管者做出正確的判斷,另一方面企業(yè)內(nèi)部控制缺陷披露體系的不斷完善有助于相關(guān)監(jiān)管部門(mén)對(duì)企業(yè)內(nèi)部控制的監(jiān)管。 本文在文獻(xiàn)綜述和實(shí)證研究的基礎(chǔ)上,對(duì)上市公司內(nèi)部控制缺陷披露影響因素及內(nèi)部控制缺陷披露對(duì)權(quán)益資本成本的影響兩個(gè)問(wèn)題進(jìn)行了實(shí)證研究。在研究?jī)?nèi)部控制缺陷披露影響因素方面,以2012年深市主板A股上市公司作為樣本,分析了基于內(nèi)部監(jiān)督視角披露我國(guó)上市公司內(nèi)部控制缺陷的影響因素。研究結(jié)果顯示監(jiān)事會(huì)成員的持股數(shù)及審計(jì)委員會(huì)的獨(dú)立性與內(nèi)部控制缺陷的披露顯著負(fù)相關(guān),規(guī)模小、獲利能力差的公司披露內(nèi)控缺陷的可能性更大。同時(shí),本文在控制權(quán)益資本成本的相關(guān)影響因素的基礎(chǔ)上,采用了多元線性回歸的方法檢驗(yàn)了內(nèi)部控制缺陷披露對(duì)權(quán)益資本成本的影響。從理論分析來(lái)看,內(nèi)部控制有效的公司,其經(jīng)營(yíng)風(fēng)險(xiǎn)會(huì)相對(duì)較低,公司募集資金的成本,即權(quán)益資本成本,會(huì)相對(duì)較低。因此,公司的權(quán)益資本成本的大小與內(nèi)控缺陷的嚴(yán)重程度應(yīng)該呈現(xiàn)正向的顯著關(guān)系。但是,通過(guò)研究發(fā)現(xiàn),內(nèi)部控制缺陷披露與權(quán)益資本成本之間并沒(méi)有顯著的相關(guān)性,這與理論分析結(jié)論相背離。產(chǎn)生這一結(jié)果的原因較多,諸如理論上假設(shè)的市場(chǎng)環(huán)境是完美的,也就是信息能夠及時(shí)完整地傳遞到市場(chǎng)中,但是實(shí)際的市場(chǎng)并非能達(dá)到這一條件,這就造成了現(xiàn)實(shí)與理論的偏離；制度上的缺陷使得企業(yè)的信息不能真實(shí)地傳遞給市場(chǎng)等。后文對(duì)這一結(jié)果做出了相關(guān)解釋。 最后,以本文所得結(jié)論為基礎(chǔ),針對(duì)完善企業(yè)內(nèi)部控制缺陷披露問(wèn)題提出了相關(guān)政策和建議。
[Abstract]:In recent years, in the world, due to internal control problems caused by the failure of business operations or financial fraud cases emerge in endlessly. Internal control has been highly concerned by all walks of life. Internal control defects are often the main reason leading to internal control failure, often make enterprises can not effectively prevent the occurrence of errors or fraud. On the one hand, it reflects the implementation of internal control, which helps investors and regulators to make a correct judgment. On the other hand, the continuous improvement of the internal control defect disclosure system is helpful to the supervision of the internal control. This paper is based on literature review and empirical research. This paper makes an empirical study on the influencing factors of internal control defect disclosure of listed companies and the impact of internal control defect disclosure on equity capital cost. In 2012, Shenzhen main Board A-share listed companies as a sample. This paper analyzes the factors influencing the disclosure of internal control defects of listed companies in China from the perspective of internal supervision. The research results show that the number of shares held by members of the supervisory board and the independence of the audit committee are significantly negative with the disclosure of internal control defects. Turn it off. Small companies with poor profitability are more likely to disclose internal control defects. At the same time, this paper is based on the control of the cost of equity capital on the basis of the relevant factors. The method of multiple linear regression is used to test the impact of internal control defect disclosure on the cost of equity capital. From the theoretical analysis, the operating risk of the company with effective internal control will be relatively low. The cost of raising funds, that is, the cost of equity capital, will be relatively low. Therefore, the size of the cost of equity capital and the severity of internal control defects should show a positive and significant relationship. Through the study, it is found that there is no significant correlation between the disclosure of internal control defects and the cost of equity capital, which deviates from the conclusion of theoretical analysis. There are many reasons for this result. For example, the hypothetical market environment is perfect, that is, the information can be transmitted to the market in time and completely, but the actual market can not reach this condition, which causes the deviation between reality and theory. The defects of the system make the information of the enterprise can not be transmitted to the market, etc. The result is explained in the following article. Finally, based on the conclusions of this paper, some policies and suggestions are put forward to improve the disclosure of internal control defects.
【學(xué)位授予單位】：安徽財(cái)經(jīng)大學(xué)
【學(xué)位級(jí)別】：碩士
【學(xué)位授予年份】：2014
【分類號(hào)】：F832.51;F275

【參考文獻(xiàn)】

相關(guān)期刊論文 前10條

1 方紅星;孫，

本文編號(hào)：1406055