Research On The Impact Of Internal Control Effectiveness On R&D Efficiency

In order to reduce the risk and improve the efficiency of the domestic listed companies,the supervision department needs to perfect the internal control and supervision of the domestic listed companies.In 2008 our country"The enterprise internal control basic standard" the document release means the listed company must improve the internal control quality,the consummation internal control system.The ultimate goal of improving internal control is to improve the efficiency of business operations,to achieve business results.In the new technology,new products constantly updated and iterative today,one of the most important business management activities is the R&D and innovation activities,the research on whether and how its internal control can affect R&D efficiency is of great significance.At the same time,from the point of view of the contents of the basic norms which point out the main responsibilities of the board of directors,the Board of Supervisors and the managers,the establishment,implementation,supervision and implementation of the internal control of the enterprise are closely related.Moreover,from the relevant studies in the existing literature,we can see that most of the scholars in the past have studied the impact of internal control on R&D input or output,however,R&D input and R&D output can not fully reflect the entire R&D Innovation process,they are respectively part of the different stages of R&D activities.The concept of R&D efficiency combines the input and output stages of R&D activities,so this paper will study the relationship between the effectiveness of internal control and R&D efficiency.Compared with other industries,information technology industry has unique importance and social responsibility,need to assume the corresponding responsibilities and obligations.Therefore,the research and analysis of this industry has important practical significance.In the information technology field,the patent technology competition and high R&D investment are the remarkable characteristics of this industry,which is also the representative characteristics of this field.Based on the theories of Information asymmetry theory,principal-agent theory,high echelon theory and Joseph Schumpeter innovation theory,this paper analyzes the impact of internal control effectiveness on R&D efficiency.At the same time from the perspective of the characteristics of the executive team,the moderating effects of average age,education,team size,male ratio and R&D background on the relationship between internal control effectiveness and R&D efficiency were analyzed.In this paper,we selected 681 samples of Shanghai and Shenzhen a-share listed companies in the 2021 industry from 2016 to 2021,the conclusions are as follows:(1)the effectiveness of internal control in information technology industry can effectively promote the efficiency of R&D;(2)the average age,educational level,team size,gender ratio and R&D background ratio of IT industry executives have significantly positive moderating effect on the relationship between internal control effectiveness and R&D efficiency.In view of the above theoretical analysis,this paper puts forward some countermeasures and suggestions to improve internal control system,strengthen supervision,strengthen internal control of R&D activities and optimize the structure of senior management team.Then,this paper proposes the direction of the future research on the relationship between internal control and R&D efficiency to make up for the limitations of the existing research.