内部控制、市场化进程与企业现金流风险  

Internal Control, Marketization Process and Cash Flow Risk of Companies

作　　者：李宏伟[1] 王诗雨[1] 

机构地区：[1]东南大学经济管理学院

出　　处：《中国注册会计师》2017年第5期52-56,共5页The Chinese Certified Public Accountant

摘　　要：本文探讨了内部控制对企业现金流风险的影响机理,并以2012-2016年沪深两市A股上市公司数据作为研究样本,对内部控制与企业现金流风险的关系进行了实证检验。结果表明,企业内部控制质量越高,其经营、融资和防御现金流不当流出的能力越强,现金流风险越小。进一步地,考虑市场化进程的调节作用,发现市场化进程越高的地区,内部控制对企业现金流风险的防御能力越强。This article studies the impact of internal control on the cash flow risk of companies. With the data of the A-share listed companies at Shanghai and Shenzhen stock exchanges from 2012 to 2016 as research objects, it conducts an empirical examination of the relationship between internal control and such risk. It turns out that the higher the quality of internal control of companies is, the stronger their capability of operation, financing and prevention of improper cash outflows is and the lower the cash flow risk is. Furthermore, taking the impact of marketization process into consideration, it finds that the more advanced the marketization process is, the stronger the capability of internal control to prevent such risk is.

关 键 词：内部控制 现金流风险 市场化进程 风险管理 

分 类 号：F275.1[经济管理—企业管理]