| The real estate industry has entered a golden decade of rapid development since the introduction of the system of "bidding and hanging",and now it has become an important part of the Chinese economy.From the aspects of GDP,finance and investment,China has been influenced by many aspects.However,in recent years,due to the slowdown of China’s economic growth,the pressure to remove inventory,the strength of national macro-control and other reasons,many real estate enterprises have broken the financial chain crisis.Real estate companies face increasing risks,but the ability to resist risks is not strong.The implementation of internal control can help companies to enhance the ability to deal with risks.Real estate listed companies through the establishment of internal control system to comprehensively enhance the ability of risk prevention and control,so as to enhance financial performance and achieve sustainable development.In this paper,the author summarizes and analyzes the relevant literature on the effect of internal control effectiveness,financial performance and internal control effectiveness on financial performance,and then analyzes the internal control effectiveness and financial performance.The mechanism of the effect of internal control on the financial performance is described.Then,the five factors and the overall effectiveness of internal control are controlled from the internal control of the enterprise,and the corresponding six hypotheses are put forward.The full text is based on the internal control self-evaluation report of the enterprise,and the internal control self-evaluation report of the enterprise is based on the internal control basic specification of the enterprise,the internal control self-evaluation report of the enterprise,and the overall effectiveness The five factors of internal control and the overall effectiveness of internal control are regarded as explanatory variables,and in the aspect of financial performance indicators,earnings per share and return on net assets are chosen as explained variables.In terms of control variables,select the size of the company,revenue growth rate,asset-liability ratio.In the aspect of sample selection,97 real estate companies listed in A-share market in 2015-2017 are selected as the basis,and descriptive analysis,correlation analysis and regression analysis are carried out by using SPSS24.0 statistical software.In order to verify the impact of internal control effectiveness on financial performance,the internal control index of listed companies published by Dibo Company is used to measure the effectiveness of internal control in the robustness test,andthen the research conclusions are drawn and the corresponding policy recommendations are put forward.The results show that among the five elements of internal control,internal environment,risk assessment,control activities and information and communication all have a significant positive impact on financial performance,but there is no significant correlation between internal supervision and financial performance.The overall effectiveness of internal control has a significant positive impact on financial performance.This paper contains 4 figures,21 tables and 66 references in total. |
