内部控制与公司业绩波动性的实证研究  

An empirical study of corporate internal control and performance volatility

作　　者：董育军[1] 黄益雄[2] 

机构地区：[1]华中科技大学管理学院 [2]湖北经济学院会计学院

出　　处：《中国注册会计师》2013年第10期51-56,3,共6页The Chinese Certified Public Accountant

基　　金：国家社会科学基金规划项目(项目编号11BJY019);湖北省人文社科青年项目(2011jytq042)资助

摘　　要：本文以上市公司违规、发生财务报表重述和被出具非标审计意见的上市公司所在年度为存在内部控制缺陷的样本,利用上市公司沪深股市A股上市公司2007年到2010年的数据,检验了内部控制与公司业绩波动性之间的关系。研究发现,内部控制降低了上市公司的业绩波动性,降低了公司的风险。在考虑多种反映业绩波动性指标和上市公司最终控制人的性质时该结论仍然成立。本文以业绩波动性为视角研究了内部控制的经济后果,有助于企业降低业绩波动性风险,也有助于完善我国企业内部控制制度,同时丰富了内部控制经济后果方面的文献。The article studies the relations between corporate internal control and its performance volat ility by a na lyz ing t he lis te d compa n ies w it h default, f ina ncia l s t atem ent restatements and modified audit opinion as evidence of companies with poor internal control and by analyzing the data related to A-share listed companies in Shanghai and Shenzhen stock market between 2007 and 2010. The study finds that internal control has helped reduce performance volatility and lowered the risks of listed companies.The finding holds true when taking into consideration various indicators for evaluating performance volatility and the nature of the corporate ultimate controller. By studying the economic consequences of internal control from the perspective of cor porate performance volatility, the article helps companies reduce liquidity risks brought by performance volatility, helps improve China' internal control system and enriches the literature in the field of internal control-induced economic consequences.

关 键 词：内部控制 业绩波动性 经济后果 

分 类 号：F275[经济管理—企业管理] F224[经济管理—国民经济]