Research On The Impact Of Internal Control Effectiveness Of High-tech Enterprises On Corporate Performance

In recent years,along with the continuous development and prosperity of Chinese economy,technological innovation has become a key driving force to ensure the sustained and stable development of Chinese economy,and plays an important role in promoting Chinese economic growth.As a high-tech enterprise with high-tech development as its core,it is necessary to actively explore ways to make innovations,market competitiveness and improve corporate performance.Under the new situation of Chinese market economic system reform,high-tech enterprises are faced with a more severe and complex internal and external environment.It is necessary to improve the internal control system,improve the effectiveness of internal control,promote enterprises to achieve business objectives,and enhance the risk of high-tech enterprises.The ability to promote the performance of high-tech enterprises.In addition,a reasonable shareholding structure is one of the necessary conditions to ensure the effective operation of corporate governance.The shareholding structure will have an impact on the effectiveness of internal control,which in turn affects corporate performance.Therefore,under the new economic situation,it is still of great significance to study how to improve the performance of enterprises by improving the effectiveness of internal control of high-tech enterprises from the perspective of equity ownership structure.Based on the above background,this paper takes 2620 data of high-tech enterprises listed on the GEM 2010-2017 as a research sample,combines theoretical analysis,proposes research hypotheses,constructs research models,and relates the relationship between internal control effectiveness and enterprise performance of high-tech enterprises.Based on the empirical research,this paper further explores the impact of the equity ownership structure of high-tech enterprises on the relationship between the internal control effectiveness and the corporate performance.Finally,based on the empirical research conclusions of this paper,relevant countermeasures and suggestions are proposed.Based on the perspective of equity ownership structure,this paper empirically studies the relationship between the effectiveness of internal control of high-tech enterprises and corporate performance.The results show that:(1)The effectiveness of internal control of high-tech enterprises is positively correlated with corporate performance.The more effective the internal control of the enterprise,the better the promotion of the performance of the enterprise;(2)The concentration of the equity will weaken the positive impact of the internal control effectiveness of the high-tech enterprise on the performance of the enterprise,that is,the higher the concentration of the equity,the internal control of the high-tech enterprise,the weaker positive effect of effectiveness on firm performance;(3)Equity balance will enhance the positive impact of high-tech enterprise internal control effectiveness on firm performance,that is,the higher the equity balance,the effectiveness of internal control of high-tech enterprises.The positive impact of corporate performance is stronger.Finally,based on the results of empirical analysis,this paper proposes countermeasures from the aspects of improving the internal control construction of high-tech enterprises and optimizing the equity ownership structure of high-tech enterprises,in order to provide reference for high-tech enterprises to improve the performance of internal control by improving the effectiveness of internal control.