Environmental Uncertainty,Internal Control And Enterprise Innovation

Human society has gradually entered the era of knowledge economy,and the environment has also shown more and more "uncertainty".It is difficult for enterprises to clearly distinguish and effectively control their own environment.The global market environment is constantly changing,and the environment is becoming more and more uncertain.In the economic transition period of China,environmental uncertainty has become one of the important factors influencing enterprise innovation.The high degree of uncertainty in the environment may,on the one hand,subject the company to greater financing constraints due to information asymmetry;on the other hand,management may consider risk avoidance for risk avoidance.Therefore,will the company influence the innovation activities of the company due to financing constraints and risk avoidance brought about by environmental uncertainty? In addition,internal control is the internal governance mechanism of the enterprise.On the one hand,it can enhance the reliability and relevance of accounting information,thereby reducing the information asymmetry between enterprise managers and external investors and large and medium-sized shareholders.On the other hand,internal control may Will constrain the company's ability to respond to environmental uncertainties.So how does internal control affect the relationship between environmental uncertainty and corporate innovation?Based on the above analysis,based on the existing researches at home and abroad,this paper uses literature review analysis,hypothesis theory derivation and empirical test to take the 2009-2015 Shanghai-Shenzhen A-share listed company as the research object,and test the environment uncertainty.The impact of sex on business innovation,and explored the interaction between environmental uncertainty and internal control on corporate innovation.This paper attempts to answer the following four questions: First,whether environmental uncertainty will affect management innovation by influencing management's attitude toward innovation decision-making and innovation investment.Second,internal control as an internal governance mechanism will The relationship between environmental uncertainty and enterprise innovation;third,whether the impact of different dimensions of environmental uncertainty and internal control and enterprise innovation is different;Fourth,the environmental uncertainty of different equity nature,internal Is there a difference in the impact of the relationship between control and corporate innovation?The results show that there is a negative correlation between environmental uncertainty and enterprise innovation,that is,the higher the degree of environmental uncertainty,the lower the level of enterprise innovation,and the internal control will increase the negative correlation between environmental uncertainty and enterprise innovation.relationship.This paper further divides the environmental uncertainty into two dimensions: predictable risk and operational risk.The results show that the two dimensions of environmental uncertainty are negatively correlated with enterprise innovation,but internal control only enhances predictable risk.Negative correlation with corporate innovation.In addition,according to the five elements of internal control,this paper defines five substitution variables into the model for research.The conclusions show that internal control mainly affects the negative correlation between environmental uncertainty and enterprise innovation through the internal environment of this factor.Finally,the paper also examines the relationship between environmental uncertainty,internal control and corporate innovation in companies with different equity characteristics.Research shows that both state-owned and non-state-owned listed companies are negative for environmental uncertainty and corporate innovation.Correlation,but the effect of internal control to regulate environmental uncertainty and corporate innovation only exists in non-state-owned listed companies.This study mainly consists of six parts.The first part is the introduction.This part briefly expounds the research background,research content and purpose,research methods and framework,the basic structure of the article and the innovation of this paper.The second part is the literature review.This part is mainly for the existing ones.The literatures on environmental uncertainty,internal control and enterprise innovation at home and abroad are summarized and summarized.The third part is the institutional background and theoretical basis.This part is aimed at China's enterprise innovation system,internal control system,resource dependence theory and information.The theory of symmetry and other related theories are explained and analyzed.The fourth part is the research hypothesis and design.This part first introduces the literature and theoretical basis related to the theme,and then the structural theory framework analyzes the corresponding research hypothesis,and finally the basis.The research hypothesis of this paper proposes a reasonable research design;the fifth part is empirical test and empirical analysis.This part firstly uses the model constructed by research design to empirically test whether the environmental uncertainty has a significant impact on enterprise innovation.The result is After the analysis,three further tests were proposed to improve the research of this paper.Finally,three robustness tests were carried out to enhance the reliability of the hypothesis.The sixth part is the research conclusions and policy recommendations.This part summarizes the empirical test.The results and their analysis,and make relevant policy recommendations accordingly,while at the same time analyzing the limitations of this study and the future feasible research directions.