内部控制质量、产权性质与现金股利支付关系研究  

Research on the Relationship between Internal Control Quality、Property Right Nature and Cash Divide nd Payment

作　　者：刘许增[1] 李飞 王佳楠 郭海阁 LIU Xuzeng;LI Fei;WANG Jianan;GUO Haige(Henan Radio&Television University,Zhengzhou,Henan,450000;Zhengzhou University of Aeronautics,Zhengzhou,Henan,450000)

机构地区：[1]河南广播电视大学,河南郑州450000 [2]郑州航空工业管理学院商学院,河南郑州450000

出　　处：《河南广播电视大学学报》2021年第3期13-20,共8页Journal of Henan Radio & TV University

摘　　要：我国正处于经济转型期,现金股利作为投资者投资的指标之一,备受瞩目。然而管理层与投资者的代理矛盾与信息不对称的冲突,使得股利发放处于低迷状态。内部控制质量与现金股利的支付力度有紧密的联系,同时产权性质的调节作用也会对现金股利支付有所影响。通过对2016—2018年的上市公司检验发现,内部控制质量越高,企业越倾向于发放现金股利,在非国有企业中,内部控制质量对于现金股利支付水平的影响更为显著。China is in the economic transition period,cash dividend,as one of the indicators of investors'investment,has attracted much attention.However,the agency contradiction between the management and investors and the conflict of information asymmetry have caused the dividend distribution in a downturn.The quality of internal control is closely related to the payment of cash dividends.At the same time,the adjustment effect of the nature of property rights will also affect the payment of cash dividends.Through the inspection of listed companies from 2016 to 2018,it is found that the higher the quality of internal control,the more companies tend to pay cash dividends.Among non-state-owned enterprises,the impact of internal control quality on the level of cash dividend payment is more significant.

关 键 词：内部控制质量 产权性质 现金股利支付 

分 类 号：F275[经济管理—企业管理]