摘要
区别于以往从声誉的影响力如何渗透到企业绩效、价值评估及投融资行为等的研究,本文剖析了关系型治理机制(关系型交易)与内部控制治理机制的融合作用机理,考察两种不同治理机制的交互作用对企业声誉机制的影响。实证结果表明,供应商或客户关系型交易的增加对企业声誉机制具有显著的负面效应;进一步研究发现,内部控制有效性的提升对关系型交易侵蚀企业声誉具有一定的抑制作用,改善和提升了企业的社会形象。研究表明,企业声誉的维护,既要关注企业商业交易模式的合理选择,也要注重企业内部风险管理的优化和控制环境的改善。
Different from the previous researches of reputation on the enterprise performance, value assessment and investment ＆ financing behavior, this paper analyzes the governance mechanism of relationship （relational transaction） and the governance mechanism of internal control, and examines the impact of the interaction of two different governance mechanisms on the corporate reputation mechanism. The empirical results show that the increase of supplier or customer relational transactions has a significant negative effect on the corporate reputation mechanism. Further study has found that the improvement of the effectiveness of internal control has a certain decrease on the damage of reputation and enhances the corporate social image. The research shows that the maintenance of corporate reputation should not only pay attention to the reasonable choice of business transaction mode, but also pay attention to the optimization of internal risk management and the improvement of control environment.
作者
林钟高
丁茂桓
常青
LIN Zhong-gao;DING Mao-huan;CHANG qing
出处
《财务研究》
2018年第2期25-37,共13页
Finance Research
基金
国家自然科学基金项目(71572002
71272220)
关键词
内部控制
关系型交易
企业声誉
internal control
relational transactions
corporate reputation
