Research On The Relationship Between Ownership Structure,Internal Control And Corporate Performance

The relationship between Internal Control,Ownership Structure and Corporate Performance has been the focus of academic research.Some financial scandals occur frequently in domestic and foreign enterprises,people pay more and more attention to the company's Internal Control problems.A good Internal Control can make reasonable use of company resources,improve the operational efficiency of the company.China has promulgated the "basic norms of Internal Control" and "supporting Internal Control guidelines" to ensure the development of Internal Control.The Ownership Structure can bring very important influence on the effective operation of corporate governance mechanism,and affect the Corporate Performance.And the Ownership Structure also determines the control of the company,it has a significant impact on the Company's Equity Balance and the Internal Control.At home and abroad for Internal Control,Ownership Structure and Corporate Performance of the three joint research is still relatively small.The Internal Control,Ownership Structure and Corporate Performance of the three placed in the same framework,together to study the relationship between them,to explore whether there is a conductive path between the three and the intermediary relationship,can enrich the related theories and to promote a deeper study,can help to increase the company's Ownership Structure and Internal Control for their own attention,it has a positive meaning to improve the company's Internal Control and optimize the company's Ownership Structure,enhance the company's performance.It also can promote the company's health Sustainable development and further improvement of China's capital market.In this paper,ownership concentration and equity balance degree as a substitute variable of ownership structure,select 2013-2015 years China's Shanghai and Shenzhen stock market of the main board of the A company as a sample data,empirical research on the relationship between Internal Control,Ownership Structure,Corporate Performance,and explore the intermediary effect between the three.This paper firstly sort out the relevant research results,then defines the concepts and combined with the related theory puts forward the research hypothesis.Secondly,we define the research variables,search for the required data,use Excel and SPSS to filter the data,and design regression model.Finally,uses descriptive statistics analysis,correlation analysis,multiple regression analysis and robustness check to study this paper.The results are consistent with the research hypothesis in this paper: Internal Control is positively correlated with Corporate Performance,Ownership Structure is positively correlated with Corporate Performance,Ownership Structure is positively correlated with Internal Control,Internal Control is an intermediary effect between Ownership Structure and Corporate Performance.Ownership Structure not only directly affects the Corporate Performance,but also can affect the Corporate Performance through the impact of Internal Control.If company has a good ownership structure and reasonable equity structure,operation efficiency and supervision mechanism will be improved,on the one hand can promote the Corporate Performance,on the other hand will promote the construction of the Internal Control of the company,and the construction of Internal Control will further promote the Corporate Performance.Ownership Structure,Internal Control,Corporate Performance,there is a kind of transmission effect between the three,the Internal Control between the Ownership Structure and Corporate Performance has a mediating effect.According to the research results,some suggestions are put forward in this paper this paper: Listed companies should improve their awareness of risk management,increase the degree of mutual supervision and improve the quality of internal control;Listed companies should optimize the ownership structure,accurately grasp the company's ownership concentration and equity checks and balances,to maintain it in an optimal state.In the end,this paper expounds the problems and prospects.