Rsearch On The Influence Of Internal Control On R&D Efficiency

As an important mechanism for reducing business risks and improving the efficiency of enterprise operations,five ministries and commissions,including the Ministry of Finance,issued in 2008 the The Basic Standards for Internal Control of Enterprises requires enterprises to improve their internal control systems and achieve control objectives.One of the important objectives is to improve the efficiency and effectiveness of business,and as an important business management activity,internal control of research and development activities is an important part of the enterprise.It is worthwhile to study whether it can affect the R&D efficiency.And from the current research status,academics have mainly conducted extensive research on internal control and R&D input or output,but R&D input and output are not the same.and output are only the constituent branches of R&D activities and cannot reflect a more complete picture of R&D innovation,while R&D efficiency can put the two together.organic integration,so this paper conducts an in-depth study of the relationship between internal control and R&D efficiency.Based on the theories of information asymmetry,delegation and internal control,this paper analyzes the mechanism of the influence of internal control on R&D efficiency..At the same time,this paper analyzes the relationship between equity checks and balances,the nature of controlling shareholders on internal control and R&D efficiency from the perspective of equity structure.Impact Mechanism.This paper selects a sample of 7,497 A-share listed companies from 2012-2017 and concludes through empirical analysis.First,internal control has a positive effect on R&D efficiency.Second,the positive effect of internal control on R&D efficiency is more significant in firms with low equity balance.Third,the positive effect of internal control on R&D efficiency is more significant in SOEs than in non-SOEs.In response to the above theoretical results,this paper proposes to improve the internal control guideline system,strengthen internal control learning,and optimize the equity structure of three The practical recommendations in this area are presented.To address the existing research limitations,this paper proposes future directions for research on the relationship between internal control and R&D efficiency.