Study On The Relationship Between Ownership Structure And Corporate Performance From The Perspective Of Internal Control

In recent years,with the establishment and improvement of relevant laws and regulations of internal control,the way of internal control information disclosure has changed,and internal control has been paid more and more attention.Ownership structure is an important part of corporate governance structure,affecting the implementation of internal control effect,and ultimately affect the role of corporate performance.How to improve the internal governance to further improve the performance of enterprises is the theoretical and practical issues of great concern,it is worthy of the urgent need to solve the problem.Manufacturing industry as an important part of China's economic growth,the development of the national economy is essential,the current manufacturing industry in China is also in the "Made in China" to "China to create" transformation and upgrading of the critical period,the internal structure is facing a major adjustment,which For China's manufacturing industry,both facing a serious challenge,but also contains significant opportunities for development.Based on the above background,this paper takes the relevant data of Shanghai A-share manufacturing listed companies from 2013 to 2015 as the research object,and discusses the relationship and mechanism between ownership structure,internal control and corporate performance as the research basis.This paper uses the factor analysis method to study the internal control and the performance of the company.Through the empirical analysis,the relationship between the ownership structure,the internal control and the corporate performance is tested,and the relationship between the internal control and the firm's performance is analyzed.Deepen the study of this academic field,to improve the performance of the company to provide a reference.The results of this paper show that:There is a positive.impact on the degree of ownership concentration and corporate performance,and the equity balance is significantly positively correlated with firm performance.Equity concentration,equity balance and internal control are significantly positive correlation,proved that moderate and equity concentration and checks and balances help to improve the level of internal control.The results of the interaction test confirm that the ownership structure and internal control jointly affect the performance of the company,and the ownership structure affects the performance of the company through internal control,and the internal control exists as part of the intermediary variable.Finally,this paper analyzes the results of empirical research and draws the relevant research conclusions.Based on this,the author puts forward the corresponding improvement measures and optimization suggestions,including three aspects:(1)optimizing the ownership structure;(2)improving corporate governance Mechanism,improve the internal control of enterprises;(3)coordination of ownership structure and internal control development.At the same time,it also gives a brief explanation of the shortcomings and future of this paper.