An Empirical Research On Dual Agency Phenomenon Of The State-owned Listing Corporation On The Effectiveness Of Internal Control

With gradually improving China’s market economy system, State-ownedenterprises began to reform to adjust to it. The development of the state-owned listingcompanies has exemplary role to the reform of state-owned enterprises. Here, we can’tavoid a problem, namely the impact of the phenomenon of double agency phenomenonof state-owned enterprises.The purpose of the thesis is that using empirical research method, and analyzingthe distinctive dual agency phenomenon the state-owned listing companies’ distinctiveimpact on effectiveness of internal control. Also, establishing the regression model, wewill take regression analysis between the principal-agent cost and internal controleffectiveness.The first part of this paper introduces the background and significance of the thesis,summarizing the thief view previous scholars about research methods of the problem.The second part summarizes a few related theories and definition concepts. The theoryanalysis that double agent has the influence of the internal control effectiveness is animportant part of the study of this article, mainly analyzed the way and its effects ofdouble agent has the impact of internal control. Finally, on the basis of the theoryanalysis conclusion, this paper puts forward the hypothesis of empirical analysis. Thethesis chooses50state-owned listing companies as sample group. The thesis alsochooses50non-state-owned listing companies as the control sample of this group. SPSSwere used to test the significance of this difference of the efficiency of internal control.And the phenomenon of state-owned listing companies’ double agency phenomenonimpact on internal control effectiveness of multiple regression analysis.Though the empirical study, the basic conclusion of the thesis is:(1) Internalcontrol effectiveness of the state-owned listing corporation and internal controleffectiveness of the non state-owned listing corporation are different.(2)Agency cost andeffectiveness of internal control has a significant negative correlation.