【摘要】 本文采用2008-2012年全部A股上市公司数据作为研究样本,检验内部控制是否能影响企业风险承担行为,以及这种影响在不同产权制度与外部法律环境下的表现特征。结果发现:内部控制显著负向影响企业风险承担,国有企业的这种负向关系要比非国有企业更为敏感;企业所在地区的外部治理环境对企业内部控制具有替代作用,即内部控制与企业风险承担之间的反向变动关系会随市场化改革进程的深入而有所减弱。更多还原

【Abstract】 Taking the data of listed companies in A- share from 2008 to 2010 as samples,this paper exams whether internal control can influence corporate risk- taking and its characteristic under different ownerships and external law environments. We find that internal control will significantly negatively influence risk- taking and this effect will be more prominent in state- owned enterprises; what’s more,external governance environment has a substitute for internal control,that is,the inverse relationship between internal control and enterprise risk taking will be weakened with the deepening of the marketization reform process.更多还原