Empirical Study On Internal Economic Responsibility Audit And The Efficiency Of Corporate Governance

As a supervision and evaluation mechanism with Chinese characteristics, economic responsibility audit in the Government governance has achieved good results, but research in the corporate governance is still at an early stage, how to apply the economic responsibility audit to the internal of company, proper use of the functions of internal economic responsibility audit in corporate governance, improve the efficiency of corporate governance in the pursuit of maximization of enterprise value, is the focus of modern enterprise management. Therefore, the thesis grasps the internal economic responsibility audit of the company’s latest research to explore the efficiency of internal economic responsibility audit on corporate governance, has enrich and extend the study of internal economic responsibility audit in theory as well as provides an guidance to internal economic responsibility audit and governance practice to the company which involved in the Panel of the internal audit association in Hunan province.Based on the analysis of relevant literature, the thesis combines the principal-agent theory, the accountability theory and the corporate governance theory to analysis the effects of internal economic responsibility audit on the corporate governance, and then proposed the research hypotheses. Then, according to the characteristics of the company which involved in the Panel of the internal audit association in Hunan province to design the measure items of internal economic responsibility audit and corporate governance efficiency, to collect related data by questionnaires to investigate the situation of the sample enterprises. Meanwhile, with the help of the SPSS software for thereliability analysis, factor analysis, One way ANOVA and regression analysis, the thesis empirically analyzes the effects of internal economic responsibility audit on the corporate governance efficiency.Empirical results shows: the measure of the internal economic responsibility audit has includes define of internal economic responsibility, implementation of internal economic responsibility audit,independence of internal economic responsibility audit, qualification of auditor and subsequent use of internal economic responsibility audit; the efficiency of corporate governance is divided into two aspects of quantitative management efficiency and qualitative management efficiency; to compare the company which carry out internal economic responsibility audit with the company do not carry out internal economic responsibility audit, there has significant differences in the efficiency of corporate governance; the define of internal economic responsibility, the implementation of internal economic responsibility audit and the qualification of auditor have significant effects on the quantitative and the qualitative corporate governance efficiency; the independence of internal economic responsibility audit has significant effects on the qualitative corporate governance efficiency, but has no significant effects on the qualitative corporate governance efficiency; the subsequent use of internal economic responsibility audit has no significant effects either on the quantitative corporate governance efficiency or on the qualitative corporate governance efficiency.On the basis of the above conclusions, the thesis finally presents suggestions for the enhancement of corporate governance efficiency through raising the overall level of internal economic responsibility audit.