外国所有权,主观意愿和内部控制水平
Yanxin Yi1, Qin Yao1, Wunhong Su1,2
1School of Accounting, Hangzhou Dianzi University, 1158, No.2 Street, Xiasha Higher Education Zone, Hangzhou, Zhejiang, 310018, China.
Heliyon
|July 11, 2024
概括
外国股东提高了A股公司的内部控制质量. 当企业表现出对内部控制的更大意愿时,这种影响更为强烈,从而有助于可持续发展.
科学领域:
- 企业金融公司财务
- 资本市场 资本市场
- 公司治理 公司治理
背景情况:
- 外国股东在资本市场的发展中发挥着至关重要的作用.
- 了解外国所有权对公司治理的影响至关重要.
- 内部控制质量是企业业绩和可持续性的关键决定因素.
研究的目的:
- 调查外国持股对A股上市公司内部控制质量的影响.
- 探索这种关系中"内部控制意愿"的调解作用.
- 检查外国所有权如何为投资公司的可持续发展做出贡献.
主要方法:
- 使用文本分析和机器学习技术.
- 构建了一个新的"内部控制意愿"变量.
- 分析了2012年至2021年的A股上市公司数据.
主要成果:
- 外国持股显著提高了内部控制的质量.
- 在具有更高"内部控制意愿"的公司中,积极影响更为明显.
- 外国股东促进投资公司的可持续发展.
结论:
- 外国所有权是改善内部控制和企业可持续性的重要驱动力.
- 在拥有合法外国股东,具有竞争力的行业和强大的法律框架的环境中,积极的影响会得到放大.
- 调查结果为利用外国投资的公司以及中国资本市场和外国投资监管政策制定者提供了洞察力.
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