Study On The Effect Of Stock Ownership Structure Of Listed Companies On The Effectiveness Of Internal Control

With the development of economic globalization,the transaction of modern enterprises has become more and more complicated.The importance of internal control to the management of enterprises has become more and more prominent.It not only measures the level of management of modern enterprises,but also ensures the sustainable development of enterprises.Corporate governance has become a key issue for modern company-based companies.It plays an important role in the effectiveness of internal control.The ownership structure plays a fundamental role in the formation of corporate governance structure and determines the distribution of corporate control.The important factor that causes the frequent occurrence of internal control failures in China's listed companies is that the equity structure in the corporate governance structure is irrational.Based on this,this paper has important theoretical and practical significance to study the influence of the ownership structure of listed companies on the effectiveness of internal control from the perspective of corporate governance.This article summarizes the previous literature on the effectiveness of internal controls,the relationship between corporate governance and internal controls,and the impact of equity structure on internal controls,and clarifies the implications of internal controls and their effectiveness,corporate governance and equity structure.The relationship between corporate governance,equity structure and internal control was analyzed;the status quo of listed company equity structure was analyzed from the aspects of equity concentration,equity balance and equity diversification,from internal environment,information communication,risk assessment,control activities and internal supervision,etc.The analysis of the status quo of the internal control of listed companies;establishment of the evaluation index system of internal control effectiveness from the four objectives of operation,reporting,compliance,and asset security;establishment of a factor analysis model for measuring the level of effectiveness of internal control;analysis of ownership concentration,Equity balance,the nature of controlling shareholders,the proportion of institutional investors holding shares,and the effect of senior management holdings on the effectiveness of internal control,and put forward research hypotheses;taking the Shanghai-Shenzhen A-share listed company as a research sample from 2014 to 2016,Tai'an Database Gets Related Data to Related Variables in Ownership Structure Explanatory variables,the effectiveness of internal controls for the dependent variable,and identified four control variables,regression testing.The results show that the degree of ownership concentration,the degree of equity balance,the proportion of institutional investors holding shares,the proportion of senior managers holding shares,the size of the company and the effectiveness of internal control are significantly positively correlated.The nature of the controlling shareholders,asset-liability ratio,company growth and internal The effectiveness of control is negatively correlated;relevant recommendations are made from the aspects of internal control self-building and equity structure.