摘要
本文选取2007-2012年中国沪深两市A股上市公司为研究样本,以Chen et al.(2016)构建的"中国上市公司内部控制指数"来衡量企业内部控制质量,研究了不同产权性质下产品市场竞争对内部控制质量的影响差异。研究发现,产品市场竞争对内部控制质量具有显著影响,产品市场竞争越激烈,企业内部控制质量越高,而这种效应在非国有控股公司比在国有控股公司更显著。进一步分析发现高质量的内部控制能够提升企业的产品市场竞争优势,为本文主要研究结论提供了支持。本文丰富了产品市场竞争与内部控制的研究文献,为内部控制能否促进企业战略目标的实现提供了经验证据,并对相关部门和企业加强内部控制建设提供了启示。
Based on a sample of Chinese A-share listed companies from 2007-2012,we examine the effect of product market competition on corporate internal control quality and the difference in this effect between state owned firms and non-state owned firms. Using the internal control index constructed by Chen et al.( 2016) as the proxy for internal control quality,we find that product market competition has a significant effect on the internal control quality: the more intense the product market competition is,the higher the internal control quality will be. However,the effect is only significant for non-state owned firms,not for state owned firms. In addition,we find that high quality internal control can improve product market competition advantage. Overall,our study extends the literature on internal control and product market competition,and offers advice to related government departments and firms on improving internal control quality.
出处
《会计研究》
CSSCI
北大核心
2017年第5期75-82,共8页
Accounting Research
基金
教育部人文社会科学重点研究基地重大项目"中国上市公司内部控制评价与指数研究"(10JJD630003)
国家自然科学基金重点项目"信息生态环境与企业内部控制有效性问题研究"(71332008)的阶段性成果
