Research On The Relationship Between Media Supervision,Executive Reputation And Internal Control Effectiveness

As state-owned enterprises,especially state-owned listed companies,have intensified their efforts to deepen the reform of mixed ownership,and the management of private enterprises has changed,the ownership and management rights of enterprises have been further separated.In the face of the lag of the development of China's legal system compared with the development of the capital market,the complexity of the economic environment and the pace of development of listed companies,how to more effectively reduce the operational risks of enterprises,how to effectively suppress the private interests of management through more effective external mechanisms To achieve the maximum reduction of agency costs,strengthen the internal control system of listed companies to ensure the effectiveness of internal control of enterprises has become a topic of concern for Chinese government regulatory authorities and academic circles.Since 2008,China has gradually formed a set of internal control standard system based on the "Basic Standards for Internal Control of Companies" and its supporting guidelines,and it has remained largely consistent with the current international COSO internal control framework,but it has been relatively The sound internal control norm system still cannot be effectively implemented,and the supervision of the listed company's own internal control management has not achieved the expected results.This paper takes the A-share listed companies from 2013 to 2017 as the research object,and uses the literature research method,the normative research method and the empirical research method to introduce the reputation mechanism to examine the internal relationship between the media supervision and the reputation of the listed company executives and the reputation of the executives for the listed company.The impact of internal control effectiveness.Firstly,it introduces the importance and urgency of strengthening the internal control system of listed companies in China from the theoretical andpractical aspects,and puts forward the research problems and research directions.Then it is related to the internal control effectiveness theory,media supervision and internal control effectiveness.Review the relevant literature and research results of media supervision and executive reputation,and briefly review them;on this basis,put forward the theoretical assumptions between media supervision,executive reputation and internal control effectiveness and conduct research design;Conduct an empirical test on the theoretical hypothesis,and finally draw relevant conclusions and propose relevant policy recommendations.Through the research,the following conclusions are drawn: there is a positive correlation between media supervision and internal control effectiveness;executive reputation can significantly enhance the influence of media supervision on the effectiveness of internal control;executive reputation can improve the effectiveness of internal control over media supervision.The role of state-owned listed companies is even more significant.Obviously,media supervision can effectively enhance the effectiveness of internal control of listed companies by affecting the reputation of executives.By strengthening the role of media supervision and ensuring the smooth flow of media reporting channels,it will significantly strengthen the internal control effectiveness system of listed companies in China,ensure the development quality of listed companies,and better serve the healthy and orderly development of China's socialist market economy.The research in this paper enriches the relevant research results on how to control the effectiveness of internal control of enterprises.By studying the media's supervision methods for information reporting of listed company executives,the introduction of reputation mechanism has exerted an important influence on the reputation of listed company executives.The further intrinsic relationship between supervision and the effectiveness of internal control of listed companies provides a certain reference for the regulatory agencies based on the government level and the management of listed companies,and also provides certain theoretical value for the construction and improvement of the internal control system of listed companies in China.Realistic reference meaning.As China's listed companies are still in the development stage of the internal control effectiveness system,the data sources are relatively scarce,mainlyreflected in the standardization and accuracy of data in the measurement of media supervision and executive reputation variables.In the later research process,according to the development of the internal control effectiveness system of the listed company,the media supervision,the executive reputation index design and the standardization of the data are adjusted as appropriate,so that the media supervision can better promote the internal of the listed company.Control the construction of the effectiveness system.