商业研究

商业研究

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管理层能力、激励与内部控制质量研究 ——基于沪深两市主板上市公司2012-2015年的样本分析

许宁宁   

  1. （天津理工大学 管理学院，天津〓300384）
  • 收稿日期:2018-10-24 出版日期:2019-02-15
  • 作者简介:：许宁宁（1980-），女，山东德州人，天津理工大学管理学院讲师，管理学博士，研究方向:内部控制与审计。
  • 基金资助:
    国家自然科学青年基金项目“上市公司内部控制重大缺陷披露行为选择研究”， 项目编号:71502127；天津市企业创新工程创新团队，项目编号：TD13-5018；天津市科技计划项目，项目编号：17ZLZXZF00320。

Research on Managerial Ability, Management Incentive and Internal Control Quality： Based on the Sample Analysis of Main Board Listed Companies in Shanghai and Shenzhen Markets from 2012 to 2015

XU Ning-ning   

  1. (Management School, Tianjin University of Technology, Tianjin 300384,China)
  • Received:2018-10-24 Online:2019-02-15

摘要： 企业复杂的内部控制决策要求管理层具备较高的管理能力，以有效设计和运行内部控制，而内部控制执行的效果则取决于高管的积极性和努力程度。本文以沪深两市主板上市公司2012-2015年数据为样本，从内部控制决策的制定与执行层面实证检验管理层能力、激励以及两者的交互作用对内部控制质量的影响。结果表明较高的管理层能力提高了内部控制质量，且上述作用在实施了适当管理层激励的上市公司中更加明显；有效的管理层激励有助于调动有效执行内部控制的积极性和努力程度、提高内部控制质量，且股权激励的效果更为突出；管理层能力与激励在提高内部控制质量方面存在协同作用，且股权激励能够更好地发挥与管理层能力在促进内部控制质量方面的正向交互作用。上述结论对于提升企业内部控制质量，从经理人的选择、公司内部控制及相关激励机制的设计等方面具有启示意义。

关键词: 管理层能力, 管理层激励, 内部控制质量

Abstract: The complex decision about internal control requires the management to have high ability to design and operate the internal control effectively. The implementation effect of internal control also depends on the enthusiasm and efforts of management. Using a sample of Chinese listed firms during 2012-2015 in Shenzhen and Shanghai markets, this paper empirically tests the relationship between managerial ability and internal control quality, management incentive and internal control quality, the interaction of managerial ability and management incentive to internal control quality. We find that higher management ability can improve the quality of internal control, and the above effect is more obvious in listed companies with appropriate management incentives;effective management incentive is helpful for mobilizing their enthusiasm and efforts to implement internal control and improving the quality of internal control, and equity incentive is more effective;there is a synergistic effect between management ability and incentive in improving the quality of internal control, and equity incentive can better play a positive interaction with management ability in promoting the quality of internal control. The above conclusions have important implications for improving the quality of enterprise internal control, recruitment of manager and the design of incentive mechanism related to internal control.

Key words: managerial ability, management incentive, internal control quality