Empirical Research on Correlation Between Internal Control and Enterprise Value

摘要

Internal control plays an important role in modern enterprise management, involves each domain to enterprise management, produces great interest to enterprise stakeholders and adds the value of whole enterprise value. Based* on the correlation of theoretical analysis between internal control and enterprise value, the article choice Tobin Q to measure the value of company, randomly selected 75 companies in Shanghai and Shenzhen Stock Exchange as sample, used company's annual data in 2009 and borrow Chen Hanwen's research in internal control index. The article used empirical method to construct the model to examine the relationship between internal control and enterprise value. Finally, the model proves positive correlation between internal control and enterprise value.