Research On The Impact Of Retail Internal Control Quality On Commercial Credit Financing

Compared with other financing methods,commercial credit financing in the convenience,cost and risk,etc.have a certain advantage,so in developed countries,commercial credit is an important way of financing and financing a larger scale.With the development of China's economy,the commercial credit of this financing is also popular in our country,its use is common in the settlement between enterprises,through commercial credit to obtain a short period of time available to achieve other business purposes.In order to make better use of commercial credit,the establishment of effective internal control mechanism,strengthen risk management is the only way.This paper mainly focuses on the influence of the internal control quality of the industry on the scale and cost of com mercial credit financing,according to the characteristics of the retail industry,such as centralized purchasing,scattered sales and middle layer of supply chain.Based on the theory of information asymmetry,signal transfer theory,transaction cost theory and credit rationing theory,this paper makes an empirical study on the internal control quality and commercial credit financing of financial data of 81 listed companies from 2014 to 2016.After descriptive analysis,correlation analysis and multiple regression analysis of the collected and processed data,a detailed case analysis was carried out on the case of large business shares in retail enterprises.Based on the financial data of Dacheng 20072016,this paper analyzes the basic situation,the current situation of internal control quality,the current situation of commercial credit financing and the relationship between internal control and commercial credit financing.Based on the previous empirical analysis,The relationship between the quality of internal control and the commercial credit financing of the big business is compared with the error between the real value and the fitting value.It is concluded that the quality of the internal control of the retail industry is positively correlated with the commercial credit financing scale of the enterprise,and the commercial credit financing scale The quality of internal control of the retail industry is negatively correlated with the commercial credit financing cost of the enterprise,that is,the cost of commercial credit financing is reduced with the improvement of the quality of the internal control.The commercial credit financing mode Changes in financing costs have changed.