摘要
利用我国国有上市公司近年来的高管腐败数据和相关财务数据,本文的实证研究发现,内部控制质量与高管腐败的概率负相关。这说明:高质量的内部控制能在一定程度上抑制国有企业高管腐败。进一步的研究发现,随着媒体曝光率的提高,内部控制抑制腐败的作用随之加强。本文的研究从高管腐败的角度验证了我国国有企业内部控制的有效性。研究表明,要发挥内部控制抑制高管腐败的作用,不仅应该进一步完善公司内部环境,还应该借助媒体监督等外部治理机制,缓解因高管权力所导致的内部控制失效问题。
Using the data of listed SOE executive corruption and relevant financial data, this paper finds the negative relationship between the quality of internal control and executive corruption. This result shows that high quality of internal control can to some extent suppress SOE executive corruption. Further research finds that with the increase of media exposure, the effect of internal control would be strengthened. This study verifies the effectiveness of the internal control from the perspective of executive corruption. The result shows that to make the internal control play a role in suppressing executive corruption, enterprises should not only further improve the internal environment, but also exploit external governance mechanism, to make the exercise of executive power in an open and transparent environment.
出处
《财务研究》
2015年第5期66-73,共8页
Finance Research
基金
国家自然科学基金面上项目(71372168)
国家自然科学基金重点项目(71132004)
国家自然科学基金青年项目(71002110)
关键词
内部控制
媒体曝光率
高管腐败
internal control
media exposure
executive corruption
