| In the market characterized by knowledge economy and economic globalization,internal control defects of different severity are common in enterprises.As a key area of enterprise risk management,internal control is an important institutional arrangement for enterprises to achieve their business objectives.If the problem arises,it is considered to be a major deficiency in internal control,which will have a very negative impact on the enterprise.If the company’s reputation in the information user’s mind is not recovered in time,the destructive power of the company’s sustainable development will be brought about inestimably.With the increasing importance of intellectual capital strategic resources to the development of enterprises,this thesis will explore the impact of the company’s improvement of intellectual capital allocation on the repair of major defects,and provide ideas for listed companies to improve their ability to remediate major deficiency,and cause enterprises to pay more attention to intellectual capital and deficiency remediation,enriches the theoretical and empirical research on the remediation of internal control deficiencies in China.Based on reviewing and collating existing research,this thesis finds that intellectual capital has a significant positive impact on the effectiveness of internal control.The optimization of internal resource allocation can alleviate the current situation of deficiencies,and then consider combining the two objects.Firstly,the internal control major deficiencies remediation and intellectual capital concept are clarified.The internal control major deficiencies are evaluated according to the four indications of major deficiencies,and the difference method is used to measure the deficiencies remediation effect.Secondly,the intellectual capital is divided into four factors based on the resource-based theory: human capital,innovation capital,process capital and customer capital.The factor analysis is used to verify the appropriateness of the four elements of intellectual capital,and then according to the principal-agent theory,signal transmission theory and core competitiveness theory puts forward the research hypothesis,and finally establishes the multi-regression model and the hysteresis effect model,and deeply explores the impact of intellectual capital elements on the repair of major defects in the internal control of enterprises and its lagging effect.For the first time,this thesis considers the impact of intellectual capital on the repair of internal control defects,and helps to expand the empirical research on the influencing factors of internal control deficiencies.The conclusions of this thesis indicate that: First,intellectual capital has a significant positive impact on major defects in internal control of listed companies;second,human capital,process capital,and customer capital have a significant positive impact on major defect repair,including manpower and customers.The positive impact of capital can last for the next two years,but the positive impact of innovation capital has a two-year lag period.Third,the repair of major deficiencies in internal control by intellectual capital is through the accumulation and enhancement of the value of intellectual capital.The realization process is constantly presented,in which human capital is the source of knowledge value creation,process capital and innovation capital are the enhancement of knowledge value,and customer capital is the direct embodiment of knowledge value realization. |
