A Study On The Effectiveness Of Internal Control, Csr And Corporate Performance

In recent years, with the outbreak of the problems like financial scandals, food safety, environmental pollution, labor protection, etc. a large number of small and medium-sized investors are litigation to maintain their own interests, consumers' health is affected because of the inferior products. What's more, a large number of workers strike many times because their own rights and interests are violated. Concerns were raised in all sectors of the community about enterprise internal control as well as the fulfillment of social responsibility. The effectiveness of internal control is the guarantee degree in the process of corporate goals. Well performance of internal control can not only guard assets in warehouses, but also achieve the operation objectives of the enterprise, for long-term development. The fulfillment of social responsibility can bring good reputation and social recognition for the enterprise, form the reflection of the economic benefits of the enterprise. However, the enterprise internal control system and social responsibility have not been recognized by a number of companies, the study of the internal control effectiveness as well as the relationship between social responsibility and corporate performance is particularly important.Based on the samples of 321 A-share manufacturing listed companies between 2009 and 2013 in China, the author uses the three-phase testing method of intermediary effect produced by Wen Zhonglin, constructs two sets of test model of interface effect by constructing internal control as well as social responsibility index, and takes ROA as substitution variables to measure the performance of the enterprise. The empirical results suggest that the effectiveness of internal control has positive effect on corporate performance. In addition, the results showed that the fulfillment degree of current corporate social responsibility was not play an intermediary effect in the internal control effectiveness in the process of the enterprise value. On a contrary, fulfillment degree of social responsibility can significantly explain that the internal control effectiveness played a partial intermediary effect in corporate performance during the following period. This conclusion is of great significance in promoting internal control effectiveness of the enterprise as well as constructing the interaction of social responsibility behavior in order to obtain long-term development for enterprises.