Show simple item record

dc.contributor.author陈汉文
dc.contributor.authorCHEN Han-wen
dc.contributor.author程智荣
dc.contributor.authorCHENG Zhi-rong
dc.date.accessioned2016-03-01T08:40:18Z
dc.date.available2016-03-01T08:40:18Z
dc.date.issued2015-04
dc.identifier.citation厦门大学学报(哲学社会科学版), 2015,228(2):40-49zh_CN
dc.identifier.issn0438-0460
dc.identifier.urihttps://dspace.xmu.edu.cn/handle/2288/97933
dc.description陈汉文,厦门大学管理学院教授、博士生导师,经济学博士;程智荣,厦门大学管理学院博士研究生。zh_CN
dc.description.abstract【中文摘要】通常认为,内部控制可对股权成本产生影响,但这种影响是否会随着企业生命周期阶段不同而存在差异还有待研究。选取2007年到2012年中国A股上市公司作为样本,采用厦门大学内部控制指数衡量内部控制质量,以企业生命周期为维度,可就内部控制对股权成本影响的阶段差异进行研究。研究结果表明,总体上内部控制更好的公司股权成本更低。就不同的生命周期阶段而言,在新生期、动荡期和衰退期的样本中,内部控制对股权成本没有显著的影响;在成长期和成熟期的样本中,内部控制越好,股权成本越低。 【Abstract】 Internal control can have an impact on the cost of equity, whether this effect will vary with the firm life cycles remains to be studied. China A-share listed companies from 2007 to 2012 is selected as samples, and Xiamen university index is used to measure internal control quality. The results show that, in general, the better internal control, the lower the cost of equity. When considering firm life-cycles, the results indicate that for the sample firms at introduction, shakeout and decline stages, the correlations between internal control and cost of equity are not significant. while for the firms at growth and mature stages, the correlations of internal control with cost of equity are significant, it means that the better internal control, the lower the cost of equity.zh_CN
dc.description.sponsorship教育部人文社会科学重点研究基地重大项目“中国上市公司内部控制评价与指数研究” (10JJD630003);国家自然科学基金重点项目“信息生态环境与企业内部控制有效性问题研究”(71332008)zh_CN
dc.language.isozhzh_CN
dc.publisher厦门大学学报(哲学社会科学版)编辑部zh_CN
dc.subject内部控制zh_CN
dc.subjectinternal controlzh_CN
dc.subject企业生命周期zh_CN
dc.subjectfirm life-cyclezh_CN
dc.subject股权成本zh_CN
dc.subjectcost of equityzh_CN
dc.title内部控制、股权成本与企业生命周期zh_CN
dc.title.alternativeInternal control,firm life-cycle and cost of equityzh_CN
dc.typeJournal Paperzh_CN


Files in this item

Thumbnail

This item appears in the following Collection(s)

Show simple item record