CAJ | 학술논문

文章以交易量考察了重大内部控制缺陷对市场流动性的影响。文章发现，（1）交易量与重大内部控制缺陷正相关，与分析师信息准确度负相关；（2）分析师能够吸收重大缺陷信息对交易量产生影响。本文进一步将重大内部控制缺陷划分为公司水平和会计水平后发现，（1）在公司水平下，交易量与重大内部控制缺陷正相关，与公共信息准确度负相关，与私人信息准确度正相关；（2）在会计水平下，交易量与重大内部控制缺陷不相关，与公共信息准确度正相关，与私人信息准确度不相关。最后，文章考察了重大缺陷改进对交易量的影响，但没有发现交易量与缺陷改进具有相关关系。
문장이교역량고찰료중대내부공제결함대시장류동성적영향。문장발현，（1）교역량여중대내부공제결함정상관，여분석사신식준학도부상관；（2）분석사능구흡수중대결함신식대교역양산생영향。본문진일보장중대내부공제결함화분위공사수평화회계수평후발현，（1）재공사수평하，교역량여중대내부공제결함정상관，여공공신식준학도부상관，여사인신식준학도정상관；（2）재회계수평하，교역량여중대내부공제결함불상관，여공공신식준학도정상관，여사인신식준학도불상관。최후，문장고찰료중대결함개진대교역량적영향，단몰유발현교역량여결함개진구유상관관계。
By examining the effect of major internal control weakness on market liquidity with the trading volume, the paper finds that （ 1 ） the trading volume has positive correlation with major internal control weakness, while it has negative correlation with the precisions of analysts＇ information ; （2） the major weakness information absorbed by analysts makes difference in trading volume. After further dividing the major internal weakness into corporation level and accountancy level, it finds that （ 1 ） at the corporation level, the trading volume is positively correlated to both the major internal control weakness and the private information precision, but negatively correlated to public infor- mation precision ; （ 2 ） at the accountancy level, the trading volume is not correlated to the major internal control weakness and the private information precision, but it is positively correlated to the public information precision. Fi- nally, the paper examines the effect of major weakness improvement on the trading volume, finding there is no corre- lation between them.