| At present,with the rapid economic development,the construction of internal control gets a lot of attention.Good internal control can guarantee a healthy development of the company,make enterprise behavior legal,and also ensure the accounting information reliable.In our country,the board is mainly responsible for the construction of internal control,as the top of the board of directors,chairman plays a key role on construction of internal control.The chairman of behavior ability in Listed companies is stronger,the enterprise’s internal control quality may be higher.But now the study of internal control rarely embarks from the executive’s personal characteristics,based on the high ladder team theory and the principal-agent theory,the article studies relationship between the chairman characteristics and internal control in Listed companies by the empirical research.Firstly,the article summarizes the related literature among the internal control,chairman’s characteristics,as well as the relationship between the chairman of the board of directors and the internal control at home and abroad.Secondly,on the basis of the existing literature,the paper overviews the concept of the chairman,internal control,the measure about the quality of internal control,and analyzes the article’s theory,based on this,the article puts forward the research hypothesis.Next,the paper selects 2088 Listed companies from Shanghai and Shenzhen A shares between 2013-2015 as the research object,and it analyzes the relationship between chairman characteristics and the quality of the internal control using linear regression method.Then distinguishing the nature of property right,the paper furtherly explores that whether there is a gap between chairman’s characteristics and the quality of the internal control in non-state-owned Listed companies or state-owned Listed companies.Finally,according to the results of empirical research,the paper puts forward reasonable suggestions.Through regression analysis,this paper has got the following conclusions:(1)chairman’s age,internal control quality are positively correlated.And the result shows that as the the growth of the chairman’s age,the enterprise’s internal control quality becomes the better.(2)The chairman’s education is positively correlated with the internal control quality,and it passes the test of significance,the result shows that the higher the education of chairman,the better the quality of internal control.(3)the chairman’s tenure,internal control quality are positively correlated,and it passes significant test.The result shows that the tenure of chairman is longer,the internal control quality is better.(4)the compensation levels of the chairman and internal control quality are positively correlated,it pass the the significant test,and the result indicates that the chairman of the compensation helps to improve the quality of internal control.(5)However,the gender,profession,and the joining two positions with CEO is not through the test of significance.(6)Furtherly distinguishing the nature of property rights,the paper finds that chairman’s characteristics are more significantly influence on the quality of internal control in non-state-owned listed companies.The innovation of this article is mainly reflected in:(1)distinguish the nature of property rights.The existing research about chairman’s characteristics and the quality of the internal control only stays on the whole samples.Basing on this,the paper divideds sample company into state-owned and non-state-owned companies,and also discusses whether there is a difference between chairman characteristics and the quality of the internal control in different nature of property rights.(2)Chairman characteristics are divided into individual characteristics and job characteristics,the result indicates that it is good to improve the quality of internal control in listed companies by division of managers’characteristics detailly.(3)the selection of indicators are more comprehensive.Existing literature,index selection about chairman of the characteristics and internal control quality is relatively single,this paper selects the chairman characteristics including age,gender,educational background,profession,term and compensation and the joining two positions with CEO to analyze its relationship with the quality of internal control.And the results shows that the increase of new index—the chairman’s term and pay is corrected with quality of internal control,it also illustrates the significance of new indexes from the side. |
