Enterprise Risk, Internal Control And Selling Stocks Of Management

April 29,2005, China Securities Regulatory Commission issued "on the shares of listed companies reform issues related to notice", which marked the split share structure reform in full swing and the new "Company Law" enacted. Since then, the new"Securities law", "the issuance of securities of listed companies management approach" is also limited to the management and the gradual reduction of the sale of shares in circulation to make it clear that the construction of China’s securities market into the legal system marks a new historical stage. After that there is another motivation for the study of the management of holdings, mostly focused on enhancing liquidity and access to excess profits, and did not increase the risk of perspective from the viewpoint of the enterprise itself. For the study of internal control and enterprise risk, and more focused on the comparison of internal control and risk management concept differences, but also not linked to the management of holdings. As used here in, the empirical and case combination of methods to study whether the reduction of the management of internal control poor quality, the company’s future risk facing the increase related to improving the quality of internal control can suppress the influence on the management of enterprise risk reduction behavior extent, committed to improving the quality control for the answer within the risk management and the impact of the reduction of the degree of corporate behavior and thus the basis for the external investors can anticipate the behavior of corporate management holdings of the degree of risk in order to make a rational decision-making and provide data support Theoretical basis.This paper is expected to draw the following conclusions:(1) reduction of the risk management behavior and related enterprises are facing increased; (2) improve the quality of internal control can effectively suppress the influence of the reduction behavior management; (3) whether the quality of internal control inhibition degree of influence on the management of enterprise risk reduction behavior.Research value and practical significance of this paper is:(1) This article will fill the gaps in the management of holdings motivation research related to internal control and business risk factors, empirical research methods to provide data support; (2) This article explores the internal control in the constraint management behavior is valid, providing power on the improvement and implementation of internal control system; (3) The research of this article will make rational investment decisions of investors to provide reference.