Informatization,Internal Control And Enterprise Value

Today's society coincides with the key period of accelerating the transformation of economic development mode and building a moderately prosperous society in an all-round way.It is also the key period of accelerating the social transformation from an industrialized society to an information-based society.Accelerating the transformation and upgrading,improving the quality and efficiency,and promoting the sustained and healthy development of economy and informatization have become the inevitable choice of enterprises at the turning point of industrialization to informatization.It is an inevitable trend for informatization to penetrate into the products,services,technologies and corresponding business management of enterprises.It can promote efficient production,optimize management and make scientific decisions,so as to save costs and improve enterprise value.In past research,many benefits brought by informatization to enterprises have been verified by scholars,and these studies elaborated that informatization has a specific mechanism to improve enterprise value and depends on the corresponding intermediary variables,such as information technology ability,knowledge innovation,organizational behavior,organizational change,organizational capital,human capital,resource management ability and so on.Therefore,the mechanism of enterprise informatization to improve enterprise value has always been a hot topic of academic circles and enterprise management.Internal control,as the basic support and guarantee of enterprise value,most domestic scholars believe that the effect of internal control changes in the same direction as enterprise value.Therefore,one of the keys to the study is whether or not the internal controls can play the role of the intermediary variables in the corresponding mechanism.This paper aims at exploring the influence mechanism of enterprise informatization and internal control on enterprise value.Based on principal-agent theory,this paper discusses how enterprise informatization can improve enterprise value by combining the value realization mechanism of computer communicationnetwork and information technology and internal control theory.On the basis of reviewing the important domestic and foreign literatures related to informatization,internal control and enterprise value in recent years,this paper has realized the sorting out of the relations among the three.Using the theory of value management,resource-based theory and internal control theory,this paper explains how to improve enterprise value through internal control in enterprise informatization construction,and then puts forward four hypotheses.According to the test steps of intermediary effect,the following four main conclusions are formed on the basis of defining variables related to informatization,internal control,enterprise value,sorting out required data,establishing four regression models,completing descriptive analysis,correlation analysis,empirical test and robustness test of the above variables:1.There is a significant positive correlation between enterprise informatization and enterprise value.2.There is a significant positive correlation between enterprise informatization and internal control quality.3.There is a significant positive correlation between internal control quality and enterprise value.4.Internal control quality plays an intermediary role in the mechanism of enterprise informatization to improve enterprise value.This paper gives some suggestions after analyzing the conclusions: firstly,it is hoped that the internal management level of an enterprise can invest more financial resources,material resources and human resources in informatization and internal control,so as to achieve the effect of complementarity and complementarity between enterprise informatization and internal control.Secondly,enterprises can use external forces to develop informatization,such as strengthening strategic cooperation with information technology and high-tech enterprises.Finally,it is hoped that the government will introduce some incentive policies to promote enterprises to take the initiative to develop informatization and disclose the informatization of enterprises.