Research On Management Power And Corruption Governance

With the economic and legal environment changes,many go vernment officials,corruption of executives gradually surfaced,sparked a heated discussion of the whole society.Execution corruption will have a negative impact on society,not only undermine the interests of shareholders,but also breed corruption atmosphere for the social,is conducive to the stable operation of the country.In order to prevent the occurrence of executive corruption,the academia began to think about how to manage executive corruption and influence of executives' corruption.What is the executive corruption? Its essence is the great deal to meet their own desires,abuse the power of the hands to accept bribes,then this article research the relationship between the executive power and executive corruption in the end.Through the above description,this paper selected the sample companies of occurring the executive corruption in 2009-2015,the executive power refined into four indicators,namely,expert,structural,prestige and ownership,through some The empirical test method,explores the relationship between executive power and corruption,and adds the variable to the effectiveness of internal control to study its regulation effect between the two.The final conclusion of this article shows: First,the total executive power of executives is a significant positive effect of corruption,that is,the greater the power of executives,the more likely to happen corruption.Observe the the four refinement indicators of executive power,we can see,in addition to the executive structure of the corruption of executives there is no significant negative effect,the other three refinement indicators,that is,executive ownership,expert rights,has a significant positive effect to corruption;Second,the effectiveness of internal control has a significant inhibitory effect on the corruption caused by executive power,indicating that the higher the quality of internal control,the more effective inhibition of corruption caused by executive power,This inhibitory effect is increasingly strong in state-owned enterprises.Third,the board of supervisors for state-owned enterprises give a regulatory role,have a significant negative effect to the corruption,can effectively curb the corruption of executives.Among the state-owned listed companies,the shareholding of the first shareholder has a significant positive effect on the corruption of the executives,while in non-state-owned listed companies,the opposite is true.This paper mainly has the following contributions: First,expanding the new perspective of internal control and corruption governance.At present,the academia mainly studies corruption governance from the macro perspective,such as regulate the power of government intervention,the construction of government regulation system,and increase rent-seeking cost,but rarely study corruption governance in the microscopic and internal control perspective.And in fact,because of the large scale and large number of our enterprises,corporate executives corruption frequently,and the bad results even exceed government officials.The author believes that by optimizing the internal control system,it can effectively reduce the corruption of rent-seeking and eliminate the social atmosphere.Second,the new development of internal control consequences research,the current academia focuses on the economic consequences of internal control,such as protecting shareholders' interests,improving enterprise value,reducing enterprise risk,Few involves the prevention and control of corporate corruption.