摘要
基于委托代理、信号传递等理论,选择深沪主板2016-2018年7460家上市公司为样本,从董事会组织结构、行为运作、股权激励特征入手,探究了董事会治理对内部控制缺陷影响的内在机理,验证了股权集中度在董事会治理对内部控制缺陷影响过程中的调节作用,旨在指导上市公司从董事会治理的视角纠正自身行为。结果表明:董事会规模、会议次数与内部控制缺陷显著正相关,说明董事会规模过大、开会次数过多不利于降低内部控制缺陷;董事会成员持股与内部控制缺陷显著负相关,说明董事会成员持股越多,内部控制缺陷出现的可能性越小。引入股权集中度后,发现其在董事会治理与内部控制缺陷之间起调节作用,适度的股权集中有利于企业发展。
Based on the theory of principal agent and signal transmission and with the selected 7460 listed companies on Shenzhen and Shanghai main boards from 2016 to 2018 as samples,this paper,starting with the organizational structure,behavior operation and equity incentive characteristics of the directorate,explores the internal mechanism of the impact of directorate governance on internal control defects,and verifies the regulatory role of equity concentration in the process of the impact of directorate governance on internal control defects so as to guide listed companies to correct their own behavior from the perspective of directorate governance. The results show that the directorate size and meeting times are positively correlated with internal control defects,indicating that too large directorate size and too many meetings are not conducive to reducing internal control defects;board member shareholding is negatively correlated with internal control defects,indicating that the more the board members hold shares,the less likely the internal control defects are. After equity concentration is introduced,it is found that equity concentration plays a regulatory role between directorate governance and the defects of internal control,and that moderate equity concentration is conducive to the development of enterprises.
作者
张代宝
朱彩婕
ZHANG Daibao;ZHU Caijie(Sehool of Publie Finanee and Taxation,,Shandong University of Finanee and Eeonomies Jinan 250014,China;School of Accounting,Shandong University of Finanee and Eeonomie,Jinan 250014,China)
出处
《山东财经大学学报》
2020年第4期89-100,共12页
Journal of Shandong University of Finance and Economics
基金
国家社会科学基金项目“金融大数据分析视角下P2P网贷平台风险识别、评估及防控路径研究”(17BJL078)
山东省自然科学基金项目“内部控制缺陷修复:形成机理与影响因素研究”(ZR2017MG014)
山东省社会科学规划会计研究专项“国家审计治理视角下的行政事业单位内部控制质量优化研究”(18CKJJ22)。
关键词
内部控制
股权集中度
缺陷治理
董事会成员持股
internal control
equity concentration
defect governance
board member shareholding
