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伴随经济的不断发展,内部控制质量会影响企业现金持有以及作用机制。通过研究结果显示,企业的现金持有价值被内部控制质量所控制,质量改善则可以提升现金持有价值。对于作用机制,企业良好的内部控制质量可以控制自由现金流的胡乱投资所导致的投资过度,进一步可以很好地控制更多的现金来应对企业在将来发展中的各种困难。本文将对内部控制、现金持有及经济后果之间的各种相互联系与相互间的作用进一步阐释,另外,还会对最近几年建造良好的内控体系规范建设在企业中的意义进一步印证。
With the continuous development of the economy, the quality of internal control will affect the cash holdings and the mechanism of the enterprises. The research results show that the cash holding value of an enterprise is controlled by the quality of internal control, and the quality improvement can enhance the cash holding value. For the mechanism of action, the good internal control quality of enterprises can control over-investment caused by indiscriminate investment of free cash flow, and further control more cash to deal with various difficulties in the future development of the enterprise. This article will further explain the various interrelations and interactions among internal controls, cash holdings and economic consequences. In addition, we will further confirm the significance of building a good internal control system in recent years to standardize the construction in enterprises.