Internal Control Quality,liquidity Risk And Enterprise Value Research

In today's social and economic rapid development,along with the progress of science and technology changes with each passing day,the way of financial innovation arises at the historic moment,the traditional commercial bank is faced with new opportunities and challenges.Due to the particularity of the banking business,generally have a higher risk,and has the characteristics of easy to spread,liquidity risk,especially in the event of threatening the stability of the whole financial market.In people's inherent thinking,secured with the government and the country as a commercial bank,there is no liquidity risk problem,so there is no need for liquidity risk management.But that is not the case,on the one hand,the global economic slowdown is easy to cause liquidity to reduce;On the other hand,the rise of the Internet financial also makes a lot of capital flow into virtual financial platform,this leads to the traditional commercial bank due to reasons such as asset liability period mismatch of liquidity risk probability increase greatly,the importance of the commercial bank liquidity risk management is also growing.The quality of the commercial Banks internal control is an important cause of the liquidity risk.So the commercial Banks internal control quality and the relationship between the liquidity risk level and the enterprise value has certain theoretical significance and practical significance.Only improve the quality of internal control of commercial bank,improve risk management initiative consciousness,strengthening the management of liquidity risk,promote the enterprise value of appreciation,commercial Banks to gain a foothold in the fierce competition of new financial market,based on the long term.Previous studies have shown that the internal control and internal control of enterprise value,and the relationship between the liquidity risk,on the basis of previous studies,the purpose of this paper is to study the internal control of commercial bank,liquidity risk and the relations between and among the enterprise value.In this paper,using the method of combining normative analysis and empirical analysis,first of all,using normative research methods about internal control and internal control of enterprise value,and the liquidity risk and liquidity risk,internal control and enterprise value of the paper summarizes the research achievements at home and abroad,and the internal control,liquidity risk,and the definition of the concept of enterprise value,based on the principal-agent theory,value management theory and the theory of signal transmission through theoretical analysis on the relationship between the three,accordingly puts forward assumptions in this paper.Then use the empirical analysis method,the selection in China's a-share listed 16 commercial Banks data from 2010-2015 as sample,correlation analysis and regression analysis,the following research conclusions:(1)the internal control in line with the essences of value management,which prompted the enterprise value increment,the higherthe quality of internal control,the greater the enterprise value.(2)the internal control is mainly to control risk,for commercial Banks,the perfect internal control system construction,implementation is in place,the better the liquidity risk management,the smaller the possibility of liquidity risk,the higher the quality of the internal control,the lower the level of liquidity risk.(3)improve the commercial bank liquidity conditions,lower levels of liquidity risk,so that commercial Banks have enough liquidity to profit,can effectively increase the enterprise value,namely,the lower the level of liquidity risk,the higher the enterprise value.(4)the internal control can be in a certain extent,by reducing the liquidity risk to enhance corporate value,namely the liquidity risk conduction effect between internal control and enterprise value,liquidity risk partial intermediary role between the two.Finally,combined with China's policy background and the current economic and financial situation,how to further strengthen the construction of the commercial Banks internal control,improve the liquidity risk management system,this paper puts forward relevant Suggestions.And the deficiency existing in this writing,for subsequent research contents were discussed.