考虑威慑效应和交互效应的内部控制最优投资决策
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摘要
基于成本效益原则,讨论如何利用有限资源使企业对内控的投资获得最大净收益的问题。基础模型中,当流程的预期损失超过内控强度的平均无效水平时,企业会增加投资。考虑威慑效应的模型中,当投资无效性较低时,企业对流程的内控投资随着威慑效应的增大而减小。考虑交互效应的模型中,当预期损失与1加交互系数的比值大于内控强度的平均无效水平时,企业会增加对该流程的内控投资。
Based on cost-benefit principle,this paper mainly discusses how to make full use of limited resources,make the firm investment in the internal control and achieve the maximum net benefit. In the benchmark model,each firm invests in the internal control when the expected loss exceeds the average inefficiency level of the internal control strength. In the model considering the deterrence effect,the investment in the internal control decreases in deterrence effect parameter when the investment inefficiency is low. It is comparatively expensive to invest in the internal control when the deterrence parameter is low,and the firm gets benefit when the deterrence parameter is large. In the model considering the interdependence effect,the firm invests in the internal control when the expected loss divided by one plus the interdependence parameter exceeds the average inefficiency level of the internal control strength.
Based on cost-benefit principle,this paper mainly discusses how to make full use of limited resources,make the firm investment in the internal control and achieve the maximum net benefit. In the benchmark model,each firm invests in the internal control when the expected loss exceeds the average inefficiency level of the internal control strength. In the model considering the deterrence effect,the investment in the internal control decreases in deterrence effect parameter when the investment inefficiency is low. It is comparatively expensive to invest in the internal control when the deterrence parameter is low,and the firm gets benefit when the deterrence parameter is large. In the model considering the interdependence effect,the firm invests in the internal control when the expected loss divided by one plus the interdependence parameter exceeds the average inefficiency level of the internal control strength.
引文
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[22]Masli A,G F Peters,et al.Examining the Potential Benefits of Internal Control Monitoring Technology[J].The Accounting Review,2010,85(3):1001-1034.
[2]陈关亭.企业内部控制的效果、风险和成本分析[J].求实,2005(17):128-129.
[3]王立勇,石柱鲜.内部控制系统评价定量分析的数学模型[J].系统工程理论与实践,2005(8):10-17.
[4]Arnold V,Bedard J C,Phillips J R,et al.Do Section 404 Disclosures Affect Investors'Perceptions of Information Systems Reliability and Stock Price Predictions?[J].International Journal of Accounting Information Systems,2011,12(4):243-258.
[5]张蕾,李敏强,等.内部控制监督最优投资分配模型及决策研究[J].管理科学学报,2013(7):34-44.
[6]Palmrose Z V.Audit Regulation a Decade after SOX:Where It Stands and What the Future Holds[J].Accounting Horizons,2013,27(4):775-798.
[7]Shaw W H,Terando W D.The Cost of Compliance to Sarbanes-Oxley:An Examination of the Real Estate Investment Industry[J].Auditing:A Journal of Practice&Theory,2013,33(1):177-186.
[8]Coates J C,Srinivasan S.SOX after Ten Years:A Multidisciplinary Review[J].Accounting Horizons,2014,28(3):627-671.
[9]Krishnan G V,Wang C.Are Capitalized Software Development Costs Informative about Audit Risk?[J].Accounting Horizons,2013,28(1):39-57.
[10]Choi J H,Choi S,et al.The Effect of Human Resource Investment in Internal Control on the Disclosure of Internal Control Weaknesses[J].Auditing:A Journal of Practice&Theory,2013,32(4):169-199.
[11]林钟高,徐虹.分工,控制权配置与内部控制效率研究[J].会计研究,2009(3):64-71.
[12]林钟高,曾祥飞,等.内部控制治理效率:基于成本收益视角的研究[J].审计与经济研究,2011(1):81-89.
[13]吴秋生,杨瑞平.内部控制评价整合研究[J].会计研究,2011(9):55-60.
[14]李连华,唐国平.内部控制效率:理论框架与测度评价[J].会计研究,2012(5):16-21
[15]赵息,苏秀花.企业内部控制经济合理性分析[J].审计与经济研究,2013(3):58-64.
[16]李连华,杨忠智,等.企业内部控制效率提升路径研究——基于传化股份公司的经验与借鉴[J].会计研究,2014(7):82-88.
[17]刘焱,姚海鑫.上市公司内部控制实质性缺陷与债务融资约束[J].软科学,2013(10):78-82.
[18]郭军,赵息.董事会治理、高管权力与内部控制缺陷[J].软科学,2015(4):43-47.
[19]敖世友,张黎明.企业内部控制系统监控与价值分析研究[J].软科学,2011(4):121-124.
[20]Ashbaugh-Skaife H,D W Collins,et al.The Effect of SOX Internal Control Deficiencies on Firm Risk and Cost of Equity[J],Journal of Accounting Research,2009,47(1):1-43.
[21]Krishnan J,D Rama,et al.Costs to Comply with SOX Section 404[J].Auditing:A Journal of Practice&Theory,2008,27(1):169-186.
[22]Masli A,G F Peters,et al.Examining the Potential Benefits of Internal Control Monitoring Technology[J].The Accounting Review,2010,85(3):1001-1034.