现代会计学术沙龙（第七十期）

主 题：The Effect of Internal Control on Corporate Corruption: Evidence from China

主讲人：华中科技大学管理学院会计系刘启亮教授

主持人：西南财经大学会计学院吉利教授

时 间：12月12日（星期五）上午 10：00-11：30

地 点：西南财经大学柳林校区通博楼D207会议室

主 办：会计学院科研处

诚邀各位老师和同学参加！

主讲人简介：

刘启亮，华中科技大学管理学院会计系主任、教授、博导，加拿大Alberta大学博士后。主要研究领域：资本市场审计、会计信息质量与内部控制等。已在China Accounting and Finance Review 、《管理世界》、《中国工业经济》、《会计研究》、《金融研究》、《南开管理评论》等期刊发表论文数十篇。

论文摘要：

We examine whether internal control over financial reporting reduces the extent of corporate corruption (a form of corporate abuse in which controlling shareholders or managers expropriate resources from the firm). Using a sample of Chinese-listed firms, we find that after controlling for known determinants of corruption and internal control, firms with strong internal controls are significantly less likely to extract resources from the firm (either in the form of loans, reimbursement of personal consumption expenses, or receipt of bribes). We find this relation is concentrated within non-state-owned firms, providing some evidence of the need to establish substance over form when assessing the strength of internal control. Taken together, our results suggest that, on average, strong internal controls curb corporate corruption; however, institutional factors and the associated incentives play a significant role in the effectiveness of internal controls.