内部控制、法制环境与企业融资效率——基于A股上市公司的经验证据

发布时间：2018-05-12 05:45

  本文选题：内部控制 + 法制环境　； 参考：《山西财经大学学报》2017年07期

【摘要】：以我国2007年至2014年A股主板上市公司为研究样本,实证检验了内部控制对企业融资效率的影响,以及法制环境、司法公正与效率、合法权益保护与内部控制对企业融资效率的交互影响,并按产权性质对上述影响进行深入分析。研究发现,高质量的内部控制有利于改善企业融资效率,且不受产权性质差异的显著影响。进一步研究发现,法制环境、司法公正与效率、合法权益保护与内部控制对企业融资效率的影响存在显著的替代效应,这种替代效应在国有企业中表现的更为突出。
[Abstract]:Taking China's A-share main Board listed companies from 2007 to 2014 as research samples, this paper empirically tests the impact of internal control on corporate financing efficiency, as well as the legal environment, judicial justice and efficiency. The mutual influence of the protection of legitimate rights and interests and internal control on the financing efficiency of enterprises is analyzed in depth according to the nature of property rights. It is found that high quality internal control is beneficial to improve the financing efficiency of enterprises, and is not affected by the difference of property rights. Further research shows that the legal environment, judicial justice and efficiency, legal rights and interests protection and internal control have significant substitution effects on the financing efficiency of enterprises, and this substitution effect is more prominent in state-owned enterprises.
【作者单位】： 东北财经大学会计学院;山东工商学院会计学院;
【基金】：教育部人文社会科学青年基金项目(16YJC630137) 辽宁省教育厅科学研究项目(LN2016JD007) 山东省社会科学规划研究项目(15CGLJ22)
【分类号】：D920.0;F275
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本文编号：1877352