| Universities play a role in cultivation of talents of social development and an important force for improving our country’s comprehensive competitiveness.At present,the goal of the development of universities in my country is to build a modern university system and accelerate the construction of "double first-class" universities.The most important thing is to improve the internal governance structure of universities,and internal financial governance is an important part of university internal governance.However,in recent years,the higher Party committee has found many financial problems in the inspection,special inspection and third-party audit of universities.The overall level of the effectiveness of financial governance in universities in China is not high and the good and the bad are uneven,so how to evaluate the effectiveness of internal financial governance in Universities Improving the level of effectiveness is worthy of further study.In April 2017,the Ministry of education and other five departments issued several opinions on deepening the reform of streamlining administration,delegating power,releasing management and optimizing service in the field of higher education.It was proposed that the key to improve the internal governance of universities is to strengthen the information disclosure and social supervision.Universities should also disclose financial information according to law and improve the transparency of financial work,Prevent financial risks,Maintain financial security,and then improve the effectiveness of internal financial governance.Therefore,this paper intends to study the impact of financial information disclosure on the effectiveness of internal financial governance in universities.After a comprehensive comparative analysis,this paper decided to take 75 colleges and universities directly under the Ministry of education as the sample object,through the establishment of an evaluation system to evaluate the effectiveness of their internal financial governance.First of all,based on the theory of "allocation of financial rights" and the "guidelines for internal control of economic activities of universities directly under the Ministry of Education(Trial)" and other documents,a more reasonable evaluation index system is established,which is mainly based on the financial problems found in the inspection tour of universities,combined with several other core indexes in the process of financial governance,and the coefficient of variation is adopted Method to calculate the comprehensive score of each university.The results show that the effectiveness of internal financial governance in universities in China is not good as a whole,and there are great differences between universities,so the effectiveness of internal financial governance needs to be improved.Then,taking the evaluation result as the explained variable and the evaluation result of financial information disclosure quality as the explained variable,the linear regression model of financial information disclosure and internal financial governance effectiveness is constructed by controlling the four variables of higher education investment,total value of fixed assets,school type and region in the process of running a school.The results show that: the disclosure of financial information has a significant positive impact on the effectiveness of internal financial governance,that is,the more timely the disclosure of financial information,the more smooth the channels,the more complete the content,the higher the quality of information disclosure,the more effective the internal financial governance;there is no significant relationship between the investment in higher education,the total value of fixed assets and the internal financial governance.the type of university has a significant negative impact on the effectiveness of internal financial governance.The effectiveness of financial governance of professional universities is better than that of comprehensive universities.The region of universities has a significant positive impact on the effectiveness of internal financial governance.The effectiveness of financial governance of Eastern colleges and universities is better than that of western universities.Finally,several suggestions are given to strengthen the disclosure of financial information in universities:(1)improve the initiative of financial information disclosure;(2)incorporate financial information disclosure into the financial evaluation system;(3)improve the financial information disclosure policy;Long-term mechanism for financial information disclosure. |
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