安徽省中小板上市公司内部控制缺陷影响因素分析

文章从企业自身特征与治理结构两大维度出发,梳理出包括上市年限、企业性质、子公司数目、第一大股东持股比例、重组并购经历、独立董事占比六个可能引发内部控制缺陷的因素,通过Logistic回归模型分析 2017—2021 年安徽省中小板上市公司相关数据,研究发现,上市年限越长、拥有的子公司数目越多、第一大股东持股比例越大,以及独立董事在董事会中所占比例越低的公司,出现内部控制缺陷的可能性越小。此外,相较于有重组并购经历的企业,未曾发生重组并购的企业出现内部控制缺陷的可能性也较少。该研究为中小板上市公司完善其内部控制体系提供了有益参考。

Analysis of Factors Influencing Internal Control Defects of Small and Medium Sized Listed Companies in Anhui Province

In recent years, Anhui Province has experienced rapid economic development, with a sharp increase in the number of listed companies and the emergence of internal control deficiencies. Starting from the two dimensions of the company’s own characteristics and governance structure, this article sorts out six factors that may trigger internal control deficiencies, including the length of listing, the nature of the company, the number of subsidiaries, the proportion of shares held by the largest shareholder, the experience of mergers and acquisitions, and the proportion of independent directors. Subsequently, through logistic regression analysis of the relevant data of small and medium-sized board listed companies in Anhui Province from 2017 to 2021, it was found that companies with longer listing years, more subsidiaries, larger shareholding ratio of the largest shareholder, and lower proportion of independent directors in the board of directors are less likely to have internal control deficiencies. In addition, compared to companies with experience of restructuring and mergers, companies that have not undergone restructuring and mergers are less likely to have internal control deficiencies. This study provides useful reference for small and medium-sized board listed companies to improve their internal control sies