Research On The Influence Of Internal Control Of Listed Companies On The Quality Of Financial Report With The Regulating Effect Of Property Rights Ownership

Since the 21st century,the frequent exposure of financial fraud at home and abroad has aroused wide concern in the field of theory and practice,and internal control has become the focus of the research.Domestic and foreign scholars conducted extensive and in-depth research on the relationship between the internal control of listed companies and the quality of financial reporting and gradually enriched the the theoretical system of internal control and financial reporting quality.There are significant differences between China and Western countries in the political and economic system and the form of production and management,and the state-owned enterprises and private enterprises in the listed companies also have different operating modes in various aspects,so property rights ownership nature may also become an important adjusting factor affecting the quality of internal control and financial report.However,we look back at the results of existing studies and find that the research on internal control and financial reporting quality under property rights ownership is scarce and many issues have not been fully explained.In the background of this research,this paper,based on the existing research results,takes the regulative function of property rights ownership as the cut-in point,and deeply studies the influence of internal control on the quality of financial report.Based on the principal-agent theory,signal transmission theory and incomplete contract theory,this paper studies the internal mechanism of internal control affecting the quality of financial reports under different property rights ownership,and constructs the thinking frame of the three parts,including internal control,property rights ownership and financial report quality,and puts forward four hypotheses.Based on the hypothesis,this paper constructs a data model,selects the financial data from 2010 to2016 of the A-shared listed companies of the Shenzhen stock market as the research sample,and carries out a descriptive statistical analysis,correlation test and regression analysis on the correlation and different influence between the internal control and the financial report quality under the regulation of property rights ownership.On the basis of data analysis and conclusion,we put forward the research results and policy recommendations.Through the study,it is found that there are significant differences in the effect of internal control of listed companies on the quality of financial reporting due to theregulation function of property rights ownership.The specific results are as follows:(1)the internal control of the state-owned enterprises is more significant to the improvement of the quality of the financial reporting than the private enterprises;(2)compared with local state-owned enterprises,the central enterprises' internal control plays a more significant role in improving the quality of financial reporting;(3)with other conditions unchanged,compared with family enterprises,internal control of non-family enterprises plays a more significant role in enhancing financial reporting.This paper studies the internal control characteristics of enterprises with the perspective of different property rights ownership's regulating effect,and further explores its profound influence on the quality of financial reporting,and puts forward measures to improve the internal control of different nature enterprises,which can improve the quality of financial report more effectively,and further promote the healthy and stable development of the capital market.