媒体关注与内部控制缺陷修正:市场压力或信息透明  

Media Attention and Remedies for Internal Control Weakness:Market Pressure or Information Transparency

作　　者：陈泽艺 李常青[2] CHEN Ze-yi;LI Chang-qing(Guangdong University of Finance,Guangzhou 510521;Xiamen University,Xiamen 361005,China)

机构地区：[1]广东金融学院会计学院,广东广州510521 [2]厦门大学管理学院,福建厦门361005

出　　处：《当代财经》2019年第11期72-81,共10页Contemporary Finance and Economics

基　　金：国家自然科学基金面上项目“媒体治理:转型国家投资者保护的补充机制”(71172050);国家自然科学基金面上项目“控股股东股权质押动机、经济后果与治理机制”(71772157)

摘　　要：以2012-2015年沪深两市有内部控制缺陷的公司为样本,实证检验了媒体关注对内部控制缺陷修正的影响。研究发现,媒体关注显著提高了公司内部控制缺陷修正的可能性和程度。进一步研究表明,市场压力在媒体关注与内部控制缺陷修正的关系中发挥了部分中介作用,但信息透明度并未发挥中介作用。此外,与仅存在内部控制非重大缺陷的公司相比,媒体关注对有重大缺陷公司的内部控制缺陷修正效果更为显著;产权性质和地区媒体发展水平对媒体关注与内部控制缺陷修正的关系没有显著影响。Taking the companies with internal control weakness(ICW) in Shanghai and Shenzhen Stock Exchanges from 2012 to 2015 as samples, this paper empirically examines the impact of media attention on the remediation of ICW. The findings show that media attention can significantly improve the possibility and the degree of the remediation of corporate ICW. Further research findings indicate that market pressure plays a part of mediating role in the relationship between media attention and the remediation of ICW, while information transparency does not. In addition, compared with companies with only non-great internal control weakness, the effect of media attention on the remediation of ICW is more significant in companies with greater internal control weakness. However, the nature of ownership and the regional media development have no significant impact on the relationship between media attention and remediation of ICW.

关 键 词：媒体关注 内部控制缺陷 缺陷修正 

分 类 号：F274[经济管理—企业管理]