民营上市公司治理结构对内部控制有效性的影响分析——关于中小板公司的数据.pdf

Abstract The separation of the two powers between ownership and management created the Modern Corporation enterprise, and then produced the principal-agent relationship. In order to prevent the agent problems and reduce the agency costs, Modern Corporations need governance structure and internal control system. Internal control effectiveness can be evaluated from five aspects .They are reasonably to assure enterprises legitimate business, to complete financial information truly, to improve the operating efficiency of the company and to promote enterprise development strategy. Many domestic and foreign financial fraud and corporate bankruptcy failure cases show that the defect of corporate governance structure causes the companys internal control failure. In recent years, with the growing of private enterprises, the problems they reflect become more and more serious. GOME Electrical Appliances, the battle for control between Huang Guang Yu and Chen Xiao on the year of 2011, the problems of private listing Corporation governance once again become the focus of research. This paper chooses 2009-2011 year 1043 board small and medium-sized private listing Corporation sample data to do empirical studies. It selects board of directors, independent directors, board of supervisors share scale, the number of the specialized committee established, shareholders at the annual general meeting attendance, ownership concentration, board leadership structure , the board of directors and supervisors and Senior management before the three total compensation as the explanatory variables that has the effect to the internal control to represent corporate