摘要
投资者关系管理是公司自主性治理机制,而内部控制作为具体落实公司治理的制度基础自然影响投资者关系管理,股权集中度是影响内部控制对投资者关系管理的作用强弱的重要因素之一。本文在理论分析的基础上进行了实证检验,研究发现:1内部控制对IRM的状态水平、质量指标、组织指标和总体水平均有显著的正向影响;2股权集中度除了对管理指标存在显著负向作用,对IRM其他指标的作用均不显著;3相对于股权集中度低的公司,内部控制对股权集中度较高公司的IRM的状态水平、管理指标和总体水平的正向作用更强,而对质量指标无显著差异。
Investor relations management(IRM)is the corporate self-determination governance mechanism.The internal control(IC),as the institution basis of corporate governance will inevitably influence IRM.This paper firstly analysis the relation between the IC and IRM in theories,and then do the empirical test.The empirical research result indicates that the internal control is significantly and positively related to IRM levels;Ownership concentration has the significant and negative effect on IRS,but has no significant effect on the other elements of IRM.The IC has stronger effect on the IRL,IRS,and IRMI to the corporate with low degree ownership concentration than to that with the high degree ownership concentration,but no significant differences on IRQ.
出处
《会计与控制评论》
2013年第1期45-58,共14页
Review of Accounting and Control
基金
财政部全国会计领军(后备)人才培养计划
国家自然科学基金重点资助项目(70932003)
教育部人文社科青年基金项目(10YJC790157)
中国博士后科学基金(2012M511257)
关键词
内部控制
投资者关系管理
股权集中度
CHOW检验
Internal Control
Investor Relations Management
Ownership Concentration
Chow Test
