把权力关进制度的笼子里提高了企业绩效吗——基于内部控制、“舌尖上的腐败”与企业绩效关系的实证研究  

Have Institutional Restraints of Power Increased Firm Performance——An Empirical Study of the Relationship among Internal Control, Eating and Drinking Corruption and Firm Performance

作　　者：罗付岩[1] LUO Fu-yan(School of Management＆ Modem Enterprise Management Research Center, Guilin university of technology, Guilin 541004, China)

机构地区：[1]桂林理工大学管理学院/现代企业管理研究中心,广西桂林541004

出　　处：《山西财经大学学报》2017年第10期19-31,共13页Journal of Shanxi University of Finance and Economics

基　　金：国家自然科学基金项目(71562007);广西高校人文社会科学重点研究基地项目(15YB004)

摘　　要：利用2005—2013年我国A股上市公司的数据,探讨了内部控制、吃喝腐败与企业绩效之间的关系。实证结果表明,内部控制与吃喝腐败负相关,而吃喝腐败与企业绩效显著负相关,这支持了腐败的"绊脚石"假说,即内部控制提升了企业吃喝腐败的边际价值。该结果具有一定的所有制异质性,即国有企业吃喝腐败的"绊脚石"效应要高于非国有企业,而内部控制对国有企业腐败的边际价值也高于非国有企业。This paper explores the relationship among internal control, eating and drinking corruption and firm performance, based on the data of A share listed companies during 2005-2013. The empirical results show that, the quality of internal control can significantly inhibit the phenomenon of corporate corruption on eating and drinking. Meanwhile, we know that the corruption signifi- cantly reduces finn performance, which supports ＂sand＂ hypothesis, that is, internal control could increase the marginal value of eating and drinking corruption. Further study shows that the ＂sand＂ effect of corruption for SOE is higher than that for Non-SOE, and the marginal value of internal control in SOE is higher than that in Non-SOE.

关 键 词：企业吃喝腐败 内部控制 企业绩效 

分 类 号：F275[经济管理—企业管理]