摘要
以353家创业板上市公司2013—2017年的面板数据为研究对象,使用多元线性回归和逐步回归法实证检验了创业板上市公司内部控制质量与企业创新之间的关系,以及股权集中度、市场化水平在内部控制质量与企业创新之间的调节作用。研究结果表明,内部控制质量越高,创业板上市企业创新投入越少;内部控制质量对创业板上市企业创新具有显著的抑制作用;股权集中度与市场化水平在内部控制与企业创新之间起显著的调节作用。
Based on the panel data of 353 GEM listed companies from 2013 to 2017, this paper uses multiple linear regression and stepwise regression to empirically test the relationship between the quality of internal control and enterprise innovation of GEM listed companies, and the moderating effect of ownership concentration and marketization level on the relationship between the quality of internal control and enterprise innovation. The results show that: the higher the quality of internal control, the less innovation investment of GEM listed companies, and the quality of internal control has a significant inhibitory effect on the innovation of GEM listed companies;ownership concentration and marketization play a significant role in regulating the internal control and enterprise innovation.
作者
侯彧舒
HOU Yu-shu(Suzhou University of Science and Technology,Suzhou 215009,China)
出处
《经济研究导刊》
2022年第5期120-123,共4页
Economic Research Guide
关键词
股权集中度
内部控制
企业创新
市场化水平
ownership concentration
internal control
enterprise innovation
marketization level
