经济经纬
經濟經緯
경제경위
Economic Survey
2014年
1期
118~123
,共null页
内部控制质量 财务困境恢复 假恢复
內部控製質量 財務睏境恢複 假恢複
내부공제질량 재무곤경회복 가회복
Internal Control Quality; Financial Distress Recovery; False Recovery
笔者以2007年~2011年期间沪深A股ST公司为样本,采用logistic回归模型实证分析内部控制质量与财务困境恢复的关系。研究表明,内部控制总体质量水平对ST公司的财务困境恢复具有显著的积极作用。内部控制中的控制环境、风险评估和来自公司内部的监督相较于其他方面更有利于帮助困境公司恢复。而摘帽ST公司的内部控制质量水平对其是否"再次被ST"具有反向作用,内部控制质量低的摘帽公司再次陷入财务困境的可能性较大。笔者提出继续加强内部控制建设和完善内部控制评价体系等相关策略,从内控角度帮助ST公司尽快摘帽和摆脱财务困境。
筆者以2007年~2011年期間滬深A股ST公司為樣本,採用logistic迴歸模型實證分析內部控製質量與財務睏境恢複的關繫。研究錶明,內部控製總體質量水平對ST公司的財務睏境恢複具有顯著的積極作用。內部控製中的控製環境、風險評估和來自公司內部的鑑督相較于其他方麵更有利于幫助睏境公司恢複。而摘帽ST公司的內部控製質量水平對其是否"再次被ST"具有反嚮作用,內部控製質量低的摘帽公司再次陷入財務睏境的可能性較大。筆者提齣繼續加彊內部控製建設和完善內部控製評價體繫等相關策略,從內控角度幫助ST公司儘快摘帽和襬脫財務睏境。
필자이2007년~2011년기간호심A고ST공사위양본,채용logistic회귀모형실증분석내부공제질량여재무곤경회복적관계。연구표명,내부공제총체질량수평대ST공사적재무곤경회복구유현저적적겁작용。내부공제중적공제배경、풍험평고화래자공사내부적감독상교우기타방면경유리우방조곤경공사회복。이적모ST공사적내부공제질량수평대기시부"재차피ST"구유반향작용,내부공제질량저적적모공사재차함입재무곤경적가능성교대。필자제출계속가강내부공제건설화완선내부공제평개체계등상관책략,종내공각도방조ST공사진쾌적모화파탈재무곤경。
Citing the ST companies of A shares on the Shanghai and Shenzhen Stock Markets during the years of 2007 - 2011 as sam- pies, this article makes an empirical analysis of the relationships between internal control quality and financial distress recovery by the application of logistic regression model. The indication of the research is that the overall level of internal control quality plays a signifi- cantly active role in the financial distress recovery of ST companies. Among all the elements of internal control, control environment, risk appraisal, and internal monitoring are comparatively more helpful in the recovery of the financial distress. For companies which have shaken off the title of "ST", the level of their internal control quality functions reversely in determining whether they will be dubbed the name of "ST" again, and such companies with low internal control quality are most likely to get into financial troubles for the second time. This article proposes strategies concerning strengthening of the internal control and perfection of the internal control as- sessment system so as to help the ST companies to quickly flee from the financial distress.