本文選題：終極所有權(quán) + 內(nèi)部控制��； 參考：《哈爾濱工業(yè)大學(xué)》2013年碩士論文

【摘要】：近年來，國內(nèi)外資本市場接連爆發(fā)財務(wù)造假丑聞，這使得廣大投資者不但對上市公司內(nèi)部控制的有效性產(chǎn)生了質(zhì)疑，而且對上市公司所發(fā)布的內(nèi)部控制信息的真實性也產(chǎn)生了質(zhì)疑。因此，國內(nèi)外學(xué)者都把內(nèi)部控制過程中的信息披露質(zhì)量作為了研究的熱點。而在研究內(nèi)部控制信息披露質(zhì)量的影響因素時，所有權(quán)結(jié)構(gòu)作為公司治理結(jié)構(gòu)的產(chǎn)權(quán)基礎(chǔ)，也日益受到學(xué)者們的關(guān)注，且他們在刻畫所有權(quán)結(jié)構(gòu)時，多采用直接所有權(quán)方式計量。但在我國這樣一個股權(quán)高度集中的國家里，用直接所有權(quán)方式刻畫所有權(quán)結(jié)構(gòu)顯然不甚合理，，因此，本文試圖從終極所有權(quán)結(jié)構(gòu)的角度研究其對內(nèi)部控制信息披露質(zhì)量的影響。 為此，本文在認真回顧了國內(nèi)外學(xué)者在內(nèi)部控制信息披露質(zhì)量領(lǐng)域的研究成果，并在此基礎(chǔ)上對與內(nèi)部控制信息披露相關(guān)的理論進行了梳理和總結(jié)。同時，采用了在深市主板上市的684家非金融、保險業(yè)2010、2011兩年的相關(guān)數(shù)據(jù)，對終極所有權(quán)結(jié)構(gòu)的其中五個變量與上市公司披露的內(nèi)部控制信息的質(zhì)量之間的關(guān)系，進行了多元回歸等方法的檢驗。 本文研究的結(jié)果顯示：（1）終極控制股東的現(xiàn)金流權(quán)比例與內(nèi)部控制信息披露質(zhì)量顯著正相關(guān)；（2）控制權(quán)比例與內(nèi)部控制信息披露質(zhì)量呈顯著的倒U型曲線關(guān)系。（3）控制權(quán)與現(xiàn)金流權(quán)的偏離度越大，內(nèi)部控制信息披露質(zhì)量越低；（4）從內(nèi)部控制信息披露質(zhì)量來看，由國有終極控制股東控制的上市公司要好于由其它性質(zhì)的終極控制股東控制的上市公司；（5）機構(gòu)投資者的制衡力量與上市公司披露的內(nèi)部控制信息的質(zhì)量正相關(guān)。最后，本文根據(jù)實證研究的結(jié)果，為提高內(nèi)部控制信息披露質(zhì)量，促進資本市場運行效率的提高,提出了相關(guān)的政策建議。
[Abstract]:In recent years, financial fraud scandals have broken out in domestic and foreign capital markets, which has made investors not only question the effectiveness of internal control of listed companies. Moreover, the authenticity of internal control information issued by listed companies has been questioned. Therefore, domestic and foreign scholars take the quality of information disclosure in the process of internal control as the research hotspot. While studying the influencing factors of internal control information disclosure quality, ownership structure, as the property right foundation of corporate governance structure, has been paid more and more attention by scholars, and they are depicting ownership structure. More direct ownership method is used to measure. However, in a country with highly concentrated ownership, it is obviously unreasonable to describe the ownership structure by direct ownership. Therefore, this paper attempts to study its impact on the quality of internal control information disclosure from the perspective of the ultimate ownership structure. Therefore, this paper reviews the research achievements of domestic and foreign scholars in the field of internal control information disclosure, and summarizes the theories related to internal control information disclosure. At the same time, using the relevant data of 684 non-financial and insurance companies listed on Shenzhen main Board in 2010 and 2011, the relationship between the five variables of ultimate ownership structure and the quality of internal control information disclosed by listed companies is discussed. The method of multiple regression was tested. The results of this study show that the proportion of cash flow rights of ultimate controlling shareholders is significantly positively correlated with the quality of disclosure of internal control information. (2) the proportion of control rights has a significant inverse U curve relationship with the quality of disclosure of internal control information. The greater the deviation between the right and the right of cash flow, The lower the quality of internal control information disclosure, the lower the quality of internal control information disclosure. The balance power of institutional investors of listed companies controlled by state-owned ultimate controlling shareholders is better than that of listed companies controlled by other ultimate controlling shareholders. The balance power of institutional investors is positively related to the quality of internal control information disclosed by listed companies. Finally, according to the results of empirical research, this paper puts forward some relevant policy recommendations to improve the quality of internal control information disclosure and promote the efficiency of capital market operation.
【學(xué)位授予單位】：哈爾濱工業(yè)大學(xué)
【學(xué)位級別】：碩士
【學(xué)位授予年份】：2013
【分類號】：F275;F832.51

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本文編號：1881730