Inspection Supervision,Corporate Governance And Internal Control Of State-owned Enterprises

Since the 18th National Congress of the Communist Party of China,the Party Central Committee has proposed a "four comprehensive" strategic layout,insisting that the party must manage the party and comprehensively and strictly manage the party,and patrol as a strategic institutional arrangement to strengthen inner-party supervision,and be included in the overall strict management of the party.deploy.The report of the 19th National Congress fully affirmed the role of the sword in the inspection,and pointed out that the political inspection should be deepened during the 19th National Congress.As an important means of internal party supervision,inspections have increasingly played an important role.Although all units will attach great importance to the problems pointed out by the inspection team and actively carry out rectification and implementation activities,different units choose different ways to implement rectification,some choose one-time punishment measures,and some choose to improve the long-term mechanism such as internal control construction.To solve the problem.Different units have different preferences for internal control when implementing rectification,and this difference may be influenced by the different differences in internal control attention of the inspection team when asking questions and feedback rectification opinions.The main research in this paper is the relationship between the internal control preferences of the inspection team and the internal control preferences of the inspected units.Specifically,the deterrent effect is directed at the issue of the internal control of the problem,and the impact of the implementation of the internal control long-term mechanism;the persuasion effect further analyzes the content of the company's attention in addition to the issues raised by the inspection,not only limited to The problems raised by the inspections also proceeded from the systemic perspective,and the internal control construction was also carried out simultaneously for the rest of the business.On this basis,this paper introduces the regulatory variable "Party Organization Participation in Corporate Governance" to explore whether the participation of party organizations in corporate governance can alleviate the problem of principal-agent and improve the effectiveness of patrol information transmission and thus enhance the deterrent effect of patrol.The significance of this paper is:First,this paper enriches the research on patrol work,patrols supervision as the connection point,links national strategy and enterprise micro-business activities,and expands the research on the influence of patrol supervision on state-owned enterprises;This paper uses deterrence reputation theory,persuasion effect theory and principal-agent theory to explore whether patrol supervision is an important factor in promoting the internal control construction of state-owned enterprises,and enriches the empirical research on the internal control construction of state-owned enterprises.The practical value lies in:First,the report of the 19th National Congress of the Communist Party of China proposes to "deepen political patrols,persist in discovering problems,form shocks and unshakable,and establish a supervision network for patrols and inspections." This shows that the patrols are receiving more and more attention from the party.The important means of inner-party supervision,the research conclusions of this paper have important significance on how to better play the role of inspection and supervision.Second,this paper sorts out the internal control defects and corresponding rectification measures of each unit by combing the inspection documents,which is more for enterprises.Provide suggestions for improving the internal control system.The research content of this paper is as follows:The first part is the introduction.Firstly,this paper expounds the research background of the patrol supervision,internal control and the macroscopic situation,development status and practical significance of the party organization's participation in corporate governance.Combined with the theoretical deficiencies in patrol supervision,party organization participation in corporate governance and internal control research The theoretical significance,at the same time put forward the practical value of this paper from the perspective of practice;then,expound the research content and research methods of this paper;finally,put forward the innovation of this paper.The second part is a literature review.The papers on patrol supervision,corporate governance and internal control were separately sorted out,and the logical framework of this study was constructed.The patrol was regarded as the connection point,and the comprehensive realization of the party's strategy was connected with the improvement of the internal control system.The third part is the theoretical analysis and research hypothesis.By discussing the specific content and action path of deterrence effect,persuasion effect and principal-agent theory,it analyzes how the attention of the inspection team to the internal control during the stage of discovery and the stage of rectification opinions affects the attention of internal control in the implementation stage of enterprise rectification.Introduce the adjustment variables of the party organization to participate in the degree of governance,and explore whether to influence the role of the deterrent effect by mitigating the principal-agent problem.The fourth part is the research design.Firstly,it explains the data source and rejection criteria of this paper.Then,it draws on the measurement method of variable data in classical literature,defines the degree of internal control attention,the degree of participation of party organizations in corporate governance and control variables.Finally,the research model of this paper is constructed and carried out.Detailed description.The fifth part is the empirical test and analysis of the results.Firstly,the descriptive statistics of the variable data are analyzed,and the distribution of each variable data is analyzed.Since the patrol document contains rich information,the patrol data is further analyzed from the internal control elements and business types.Then,the model is constructed.Perform regression analysis to see if the results are consistent with the hypothesis and analyze the regression results.Finally,a variety of methods are used for robust testing.The sixth part is the conclusions,policy recommendations and limitations.According to the empirical research,the conclusions of this paper are drawn,and the policy recommendations are put forward from the perspectives of inspection supervision and internal control,and finally the limitations of this paper are clarified.The research in this paper finds that the inspection team showed strong concern for internal control when it raised feedback and proposed rectification opinions.It will strengthen the attention of the inspected enterprises in implementing internal control during the rectification,and then improve the internal control construction of the enterprise and establish a long-term An effective mechanism makes inspections not just a temporary one.The inspection is external supervision and mobile supervision for the enterprise.The perfect internal control system of the enterprise is a long-term effective supervision mechanism within the enterprise.It is necessary to better demonstrate the role of the patrol.The inspection team is in feedback and proposes rectification suggestions.It is necessary to show more preference for internal control,which makes enterprises more inclined to implement rectification through strengthening the long-term mechanism of internal control system construction when implementing rectification.The current development trend of the inspection is also a confirmation of the conclusions of this paper.The patrol documents gradually put forward the words such as "internal control" and "internal control measures".For example,the patrol report released by the inspection team on the Aerospace Science and Industry Group,China Resources Group,Minmetals Group,etc.clearly stated that "the internal control system is perfect","seeking internal control loopholes","strengthening the internal control mechanism",etc.,clearly expressing the inspection team's The concern of internal control has promoted the patrol companies to implement rectification through the improvement of the internal control system and strengthen the internal control mechanism of the enterprise.The possible innovations of this paper are mainly reflected in the following:First,the existing research on patrol supervision is limited to the theoretical aspects of the party,and there are few empirical research results for patrols.This paper fills the gap in this aspect of research;second,Expanding the deterrent effect,the application of criminal economics theory at the micro level of enterprises,and combining the perceptual effect model with internal control research to analyze the impact of patrol supervision on the inspected units;Regulating variables has enriched the study of party organizations' participation in corporate governance.At present,the research on corporate party organizations is more focused on party building.There are few articles about the influence of party organizations'participation in governance on the company.