Research on the relationship between the effectiveness of internal control and corporate value
DOI:
https://doi.org/10.62051/p6tpwd85Keywords:
Effectiveness of internal control; corporate value; empirical analysis.Abstract
As one of the important governance mechanisms of a company, the internal control system plays a pivotal role in enhancing corporate value. the convening of the 20th National Congress, the Ministry of Finance, in conjunction with the China Securities Regulatory Commission, has decided to promote listed companies and enterprises preparing listing to strengthen their internal control systems. This paper, based on the panel data of ten leading enterprises in the new energy industry among the Shanghai and Shenzhen A-share listed in 2023, employs a fixed effects model to empirically analyze the relationship between internal effectiveness and corporate value. The results show that effective internal control can promote the improvement of value. After drawing the above conclusion, this paper proposes suggestions based on the development trend of new energy enterprises, aiming to strengthen their internal control and enhance corporate value.
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