信息技术投资、机构投资者持股与内部控制有效性  

Information Technology Investment,Institutional Investor Shareholding and Internal Control Effectiveness

作　　者：丁淑芹[1] 张玲 李姿含 DING Shu-Qin;ZHANG Ling;LI Zi-Han(School of Business,Qingdao University of Technology,Qingdao,Shandong 266525,China)

机构地区：[1]青岛理工大学商学院,山东青岛266525

出　　处：《长江师范学院学报》2022年第3期28-37,共10页Journal of Yangtze Normal University

基　　金：山东省社会科学规划研究项目“企业财务共享发展研究—区块链视角”(18CKJJ25)。

摘　　要：以我国2014—2018年沪深A股上市公司为研究对象,实证检验信息技术投资与内部控制有效性的关系,以及机构投资者持股对两者的调节效应。研究发现:信息技术投资能显著提升内部控制有效性,机构投资者持股比例的提高会增强信息技术投资对内部控制有效性的正向作用。不过,进一步的分行业研究发现:对于劳动密集型企业,不管是信息技术投资对内部控制有效性的影响还是机构投资者持股对二者的调节效应都是不显著的,而资本密集型企业和技术密集型企业信息技术投资对内部控制有效性的正向提升作用却十分显著,且机构投资者持股会增强信息技术投资对内部控制有效性的提升作用。This paper takes A-share listed companies in Shanghai and Shenzhen between 2014 and 2018 as the research ob⁃ject,and empirically tests the relationship between information technology investment and the effectiveness of internal control and the moderating effect of institutional investors’shareholding on the two.The study finds that information technology invest⁃ment can significantly improve the effectiveness of internal control,and the increase in the shareholding ratio of institutional in⁃vestors will enhance the positive effect of information technology investment on the effectiveness of internal control.However,further research by industry finds that:for labor-intensive enterprises,neither the impact of information technology investment on the effectiveness of internal control nor the moderating effect of institutional investors’shareholding on the two are signifi⁃cant;while information technology investment of capital-intensive enterprises and technology-intensive enterprises has positive improvement effect on the effectiveness of internal control,and institutional investors’shareholding will enhance the improve⁃ment effect of information technology investment on the effectiveness of internal control.

关 键 词：信息技术投资 内部控制有效性 机构投资者持股 行业差异 调节作用 

分 类 号：F275[经济管理—企业管理]