Research On The Impact Of Internal Control Quality On Financing Constraints Of Agricultural Listed Companies

According to relevant survey data,nearly 75% of the non-financial listed companies in China face financing restrictions,which is a major obstacle to the development of enterprises.With the development of the system,China’s internal control laws and regulations system has been constantly improved.Therefore,studying the impact of internal control quality on financial restrictions of agricultural product listed companies has important theoretical and practical significance.Therefore,this article discusses this issue in order to provide a framework for the development of relevant industries and policies.Specifically,this paper will begin by combing the relevant research literature at home and abroad.This article is based on the commission theory,information asymmetry theory,and signal transmission theory,summarizing the research trends at home and abroad,and theoretically analyzing the impact of internal control quality on the financing conditions and mechanisms of listed agricultural enterprises,presents research assumptions,and selects China Securities Registration and Settlement Limited Liability Company as a research object in 2011 to conduct Empirical study on how the quality of internal control affects the financing conditions of listed agricultural companies.Based on this,we should pay attention to the quality of accounting information,industry competition and other factors and processes.By examining the impact of the quality of internal control on the financing constraints of listed agricultural enterprises,I hope that to provide some valuable references and references for research on the quality of internal control and funding restrictions and to provide possible solutions for financing restrictions of listed agricultural companies.First,the quality of internal control can greatly reduce the financing restrictions of listed agricultural enterprises.The conclusion remained stable after delayed regression,variable displacement interpretation and elimination of COVID-19 effect.Second,the quality of internal control can reduce the financing restrictions of listed agricultural enterprises by improving the quality of accounting information.Third,the intensity of industry competition has a certain regulatory effect on the impact of internal control quality on the financing constraints of listed agricultural enterprises,that is,the intensification of market competition weakens internal control quality has an impact on the financing constraints of enterprises.Finally,conclusions and policy recommendations were drawn through theoretical and empirical research.The paper proposes feasible suggestions from the perspectives of the government,regulatory agencies,and agricultural listed companies themselves.The government and regulatory agencies should continuously introduce and effectively promote the formulation of internal control policies and systems,and establish a comprehensive incentive mechanism for enterprise compliance;At the same time,the financial department should also implement effective financial supervision for enterprises to standardize the information disclosure behavior of listed enterprises and promote the improvement of enterprise operational efficiency.Agricultural superior companies should regularly verify the rationality of the design of internal control systems,while also ensuring the effectiveness of their operation;We should also attach importance to the disclosure of internal control quality,fully leverage its governance role and reputation effectiveness,and create a healthy and orderly production and operation environment.