Research On The Effect Of Corporate Governance Characteristics Over The Remediation Of Internal Control Weaknesses

In recent years,the company bankruptcy or financial fraud phenomenon caused by internal control defects occurs frequently at home and abroad,governments at all levels of the world issued a series of legal systems for internal control,the enterprise internal control mandatory constraints.China has also promulgated the "enterprise internal control basic standards" and related norms and systems,the disclosure of internal control information from the volu ntary disclosure stage to the mandatory disclosure stage.After the introduction of sarbox act,the academic research on internal control defects gradually increased.At the present stage,the combination of corporate governance characteristics and interna l control has become a hot research direction,but basically from the perspective of corporate governance characteristics on the impact of internal control in advance,the repair of defects after the emergence of the perspective of less research.Therefore,it is a kind of innovation to study how to repair internal control defects from the perspective of post.In view of this,the paper analyzes the characteristic of corporate governance on internal control defect fix literatures,based on the principal-agent theory,signal transmission theory,the theory of rational economic man hypothesis,analysis of corporate governance characteristics on the necessity of research on the mechanism and the influence of the internal control defects,select the characterist ics of the three aspects of corporate governance,including the scale of the board of directors,the chairman of general manager whether have two and one,the proportion of independent directors,the board of directors diligence,management shareholding,the first big shareholder's stake,and whether to set up the audit committee,according to the different characteristics of the influence degree of the internal control defects,Constructing corporate governance characteristics of internal control defect fix regression model,Shanghai and shenzhen A shares in 2015-2017 to disclose internal control defect information of listed companies as the sample data,select defect repair and defects,which have not been restored to control sample,the sample company analysis in defect appeared after the next year,whether the corporate governance characteristics exercise effective supervision over internal control defects,according to the results of regression analysis and robustness testing.The research results show that corporate governance characteristics on defect repair of internal control has a positive effect,among them,the number of members of the board of directors and internal control is closely relative to bug fixes,chairman and general manager position of no significant impact on internal control defect repair,the independent directors proportion negative correlation with internal control defect repair,diligence and internal control defects by the board of directors is closely relative to repair,equity features proportion of management shareholding and the first big shareholder holds no significant impact on internal control defect repair,defect repair of the establishment of audit committee on the internal control have a positive impact.