摘要
以2012—2015年沪深两市存在内部控制重大缺陷的上市公司为研究样本,在重大缺陷存在的前提下,采用局部可观察双变量Probit模型,从已存在缺陷的识别和披露两个方面,考察管理层过度自信和短视等认知偏差对内部控制信息披露行为选择的影响。研究发现:管理层过度自信程度越高,公司越可能降低对缺陷严重程度的认定,从而导致内部控制信息披露中的行为选择问题;管理层短视程度越高,公司越可能隐瞒所识别的重大缺陷,从而导致内部控制信息披露中的行为选择问题。进一步研究发现,我国上市公司内部控制信息披露行为选择的方式正在发生变化,即从隐瞒重大缺陷逐渐转变为降低重大缺陷的严重程度进行披露。在该情形下,管理层过度自信和短视等认知偏差对内部控制信息披露行为选择的影响仍然显著。研究结论对于有效治理公司内部控制信息披露行为选择具有一定的借鉴意义。
Based on the listed companies with internal control material weakness(ICMW)from 2012 to 2015,this paper attempts to investigate the effect of management cognitive bias on the behavior choice in internal control information disclosure using a local observation double variable probit model. The results show that the higher of management overconfidence,the more likely the company will reduce the identification of internal control weakness severity,leading to the behavior choice in internal control information disclosure. The more myopic the management is,the more likely the company is to conceal the identified internal control material weakness,leading to the behavioral choice in internal control information disclosure. Further research shows that the mode of behavior choice in internal control information disclosure is gradually changing from concealing internal control material weakness to gradually reducing the severity of material weakness .The above conclusions are still valid. The research conclusion of this paper has certain reference significance for the effective governance of behavior choice in internal control information disclosures.
作者
许宁宁
XU Ningning(School of Business,Tianjin University of Science and Technology,Tianjin 300384)
出处
《审计与经济研究》
CSSCI
北大核心
2019年第5期43-53,共11页
Journal of Audit & Economics
基金
国家自然科学基金青年项目(71502127)
天津市企业创新工程创新团队项目(TD13-5018)
