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论文期刊

论文标题    Does Internal Control over Financial Reporting Really Alleviate Agency Conflicts?
作者    Baolei Qi, Liuchuang Li, Qing Zhou, Jinghui Sun
发表/完成日期    2017-12-28
期刊名称    Accounting & Finance
期卷    57 (4)
相关文章   
论文简介    This study investigates whether internal control over financial reporting (ICFR) alleviates the managerial expropriation of corporate resources. We do this by examining the potential effects of material weaknesses in internal control on the values of corporate cash holdings and capital expenditures. Our findings suggest that ICFR facilitates the scrutiny and discipline of capital markets and thus alleviates the agency problems. Our results support the premise that high financial reporting quality impairs managers’ abilities to use corporate resources in a self-serving manner.
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