The Study On The Ownership Concentration,Internal Controland Competitiveness Of Circulation Enterprises

As a bridge connecting production and consumption,circulation enterprises play an important role in promoting supply-side reform and stimulating domestic demand.However,due to historical and national economic systems,the structure of the shareholding structure of most circulation enterprises is not reasonable,and the quality of internal control is relatively poor.This requires the circulation enterprises to gradually adjust the shareholding structure and improve the quality of internal control.With the reform of supply side,the deepening of economic globalization,the prosperity of the Internet economy,the increasingly standardized securities market and the continuous improvement of the value of listed companies,it is of great practical significance to explore the relationship between ownership structure,internal control and corporate competitiveness of circulation enterprises.Based on in-depth study of domestic and foreign literatures,based on the ownership structure and internal control quality of circulation enterprises,combined with the unique environment of circulation industry,this paper analyzes the relationship between ownership structure,internal control and corporate competitiveness of circulation enterprises,and attempts to uncover circulation enterprises.A black box between equity structure and corporate competitiveness.This paper studies the relationship between the ownership structure of the circulation enterprise and the company’s competitiveness from the perspective of internal control,and uses the analytic hierarchy process to measure the competitiveness of China’s circulation enterprises from the four dimensions of scale factor,growth factor,efficiency factor and competitiveness evaluation result.Then based on the evaluation results of the circulation enterprise’s shareholding structure,internal control quality and enterprise competitiveness,Stata 15.1 empirically tested the relationship between the ownership structure of the circulation enterprise,internal control and corporate competitiveness.The study found that the ownership structure and internal control quality of China’s circulation enterprises significantly affect the company’s competitiveness.The equity balance,equity concentration and state-owned shares in the ownership structure have a significant impact on the competitiveness of the company;equity balance and equityconcentration in the ownership structure have a significant impact on the quality of internal control,but the proportion of state-owned shares and internal control quality The positive correlation is not significant;the quality of internal control plays a part in mediating between equity concentration,equity balance and corporate competitiveness.Finally,based on the above conclusions,this paper proposes countermeasures to enhance the competitiveness of China’s circulation enterprises from the aspects of strengthening the internal control of circulation enterprises and moderately adjusting the ownership structure.In summary,the innovation of this research is to construct a competitiveness index system for circulation enterprises,and try to uncover the black box between the equity structure and the competitiveness of enterprises.The conclusions drawn from this study can provide a reference and suggestion for the circulation enterprises to improve the shareholding structure and improve the competition of enterprises to a certain extent.