内部控制重大缺陷是市值损失的导火索吗——基于民生银行的研究
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摘要
以民生银行作为研究对象,分析商业银行内部控制重大缺陷的主要成因,考察内部控制重大缺陷是否会引发商业银行市值的重大损失。案例研究发现:内部控制环境较差、信息系统不安全以及风险评估和控制活动的低效是商业银行内部控制重大缺陷的主要成因;内部控制重大缺陷增加了商业银行发生违规事件的可能性,最终导致其股价下跌、市值受损。本研究不仅丰富了对内部控制重大缺陷的研究,还对商业银行进一步完善内部控制体系并加强市值管理具有借鉴意义,并且为监管部门制定政策提供了参考。
引文
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[16]王永海,文华宜.关于风险导向型商业银行审计的思考[J].审计研究,2005(3).
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[19]Rezee Z.,Espahbodi R.,Espahbodi P.et al..Firm Characteristics and Stock Price:Reaction to SOX 404 Compliance[J].Social Science Electronic Publishing,2012(48).
[20]Defond M.L.,Raghunandan K.,Subramanyam K.R..Do Non-Audit Service Fees Impair Auditor Independences Evidence from Going Concern Audit Opinions[J].Journal of Accounting Research,2002(4).
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[23]张湄,孔爱国.商业银行治理与股价波动关系的实证研究[J].复旦学报(社会科学版),2010(5).
[24]Dodd P.,Warner J.B..On Corporate Governance:A Study of Proxy Coutests[J].Journal of Financial Economics,1983(1).401120
[2]丁友刚,王永超.上市公司内部控制缺陷认定标准研究[J].会计研究,2013(12).
[3]张超,刘星.内部控制缺陷信息披露与企业投资效率--基于中国上市公司的经验研究[J].南开管理评论,2015(5).
[4]盖地,盛常艳.内部控制缺陷及其修正对审计收费的影响--来自中国A股上市公司的数据[J].审计与经济研究,2013(3).
[5]王惠芳.上市公司内部控制缺陷认定:困境破解及框架构建[J].审计研究,2011(2).
[6]陈武朝.在美上市公司内部控制重大缺陷认定、披露及对我国企业的借鉴[J].审计研究,2012(1).
[7]谭燕,施赟,吴静.董事会可以随意确定内部控制缺陷定量认定标准吗?--来自A股上市公司的经验证据[J].会计研究,2016(10).
[8]Yazawa K..The Incentive Factors for the(Non-)Disclosure of Material Weakness in Internal Control over Financial Reporting:Evidence from J-SOX Mandated Audits[J].International Journal of Auditing,2015(2).
[9]张继勋,刘文欢.投资倾向、内部控制重大缺陷与投资者的投资判断--基于个体投资者的实验研究[J].管理评论,2014(3).
[10]Kim J.B.,Byron Y.Song,Liandong Zhang.Internal Control Weakness and Bank Loan Contracting:Evidence from SOX Section 404Disclosures[J].Social Science Electronic Publishing,2011(4).
[11]Goh B.W..Audit Committees,Boards of Directors,and Remediation of Material Weaknesses in Internal Control[J].Contemporary Accounting Research,2010(2).
[12]He L.,Thornton D.B..The Impact of Disclosures of Internal Control Weaknesses and Remediations on Investors'Perceptions of Earnings Quality[J].Accounting Perspectives,2014(2).
[13]Akwaasekyi E.K.,GenéJ.M..Effect of Internal Controls on Credit Risk Among Listed Spanish Banks[J].Intangible Capital,2016(1).
[14]Negurita O.,Ionescu I.E..Risk Factors for Bank Fraud Arising as a Consequence of Misstatements Resulting from Misappropriation of Assets[J].Economics Management&Financial Markets,2016(1).
[15]Panova Y.I..To a Question of the Purposes,Tasks of Implementation of Internal Control in the Credit Organizations and in the Bank of Russia[J].Modernization Innovation Research,2015(2).
[16]王永海,文华宜.关于风险导向型商业银行审计的思考[J].审计研究,2005(3).
[17]Koester A.,Lim S.C.,Vigeland R.L..The Effect of Tax-Related Material Weakness in Internal Controls on the Market Valuation of Unrecognized Tax Benefits[J].Journal of the American Taxation Association,2014(1).
[18]Hamersley J.S.,Myers L.A.,Shakespeare C..Market Reactions to the Disclosure of Internal Control Weaknesses and to the Characteristics of Those Weaknesses Under Section 302 of the Sarbanes Oxley Act of 2002[J].Review of Accounting Studies,2008(1).
[19]Rezee Z.,Espahbodi R.,Espahbodi P.et al..Firm Characteristics and Stock Price:Reaction to SOX 404 Compliance[J].Social Science Electronic Publishing,2012(48).
[20]Defond M.L.,Raghunandan K.,Subramanyam K.R..Do Non-Audit Service Fees Impair Auditor Independences Evidence from Going Concern Audit Opinions[J].Journal of Accounting Research,2002(4).
[21]Levine R.,Loayza N.,Beck T..Financial Intermediation and Growth:Causality and Causes[J].Journal of Monetary Economics,2000(1).
[22]杨烺,西米莎,王如龙.商业银行信息系统风险评估模型的研究与实现[J].计算技术与自动化,2007(1).
[23]张湄,孔爱国.商业银行治理与股价波动关系的实证研究[J].复旦学报(社会科学版),2010(5).
[24]Dodd P.,Warner J.B..On Corporate Governance:A Study of Proxy Coutests[J].Journal of Financial Economics,1983(1).401120