Chief executive officer (CEO)’s rural origin and internal control quality

Shen, Huayu; Xiong, Hao; Shao-feng, Zheng; Hou, Fei

doi:10.1016/j.econmod.2020.03.011

Cited by 29 publications

(18 citation statements)

References 41 publications

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“…-information on costs is accumulated, transferred, processed; -steady state of costs is provided; -the correctness of cost classification is checked; -feasibility and correctness of implementation of business operations is checked; -the reliability of accounting data is checked; -the actual and targeted use of material resources is checked; -production activities are audited to identify deviations and their causes; -the completeness and timeliness of the reflection in the accounting of business operations related to the production of products, works and services [24][25][26] is checked.…”

Section: Methodsmentioning

confidence: 99%

Methodological basis of internal control in the costs management system of enterprises

Klychova

Закирова

Khusainova³

et al. 2021

E3S Web Conf.

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In modern conditions the functioning of enterprises is influenced by a number of factors, which include a tough competitive environment, limited material resources necessary to carry out production activities, the economic crisis caused by the pandemic COVID-19. The main tasks, which should be solved to increase the effectiveness of the company's activity, are tasks, connected with minimization of expenses for production, works and services. To solve these tasks, it is necessary to implement effective and rational internal control. The article's purpose consists of studying of organizational aspects and development of directions of improvement of methodical provision of internal control of production costs and product costing. As one of the tools of internal control it is recommended to use developed working documents of internal control. These documents make it possible to carry out effective planning of internal control; to evaluate effectiveness of internal control and accounting systems, to systematize information received during inspection of primary accounting and observation of norms of consumption of material assets during production; to generalize results of inspection and reflection of violations and mistakes revealed during internal control.

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Section: Methodsmentioning

confidence: 99%

Methodological basis of internal control in the costs management system of enterprises

Klychova

Закирова

Khusainova³

et al. 2021

E3S Web Conf.

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show abstract

“…This study has several theoretical implications. First, it adds to the limited studies on leadership and internal control (e.g., Abdo & Feghali, 2017; Alam et al, 2019; Shen et al, 2021; Zhang et al, 2022) by examining the performance implications of the interaction between internal control components and leadership characteristics. Specifically, this study investigated and tested the interaction and resonance between leadership consistency and quality and the internal control structure in enterprises that have been overlooked in previous research.…”

Section: Conclusion Implications Limitations and Future Research Dire...mentioning

confidence: 99%

“…Although recent research on the interaction between leadership and internal control is extensive in emerging markets (e.g., Abdo & Feghali, 2017; Aziz et al, 2015; Khlif et al, 2019; Shen et al, 2021; Yin et al, 2020; Zhang et al, 2022), studies on the interface between leadership factors (i.e., leadership consistency and quality) and the internal control structure are still lacking. Little is known about the mechanism through which the internal control structure and leadership factors can be integrated to promote internal control effectiveness and increase firm performance.…”

Section: Introductionmentioning

confidence: 99%

Internal Control Systems and Performance of Emerging Market Firms: The Moderating Roles of Leadership Consistency and Quality

Hoai

Nguyen

2022

Sage Open

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This study aims to investigate the potential interaction between leadership and the internal control structure and determine whether this interaction can benefit emerging market businesses by increasing the effectiveness of their internal controls. Drawing upon the cognitive consistency and expectancy theories, this study develops and tests a mediated moderation model to examine how leadership consistency and quality can be integrated to regulate the effectiveness of internal control systems toward enhancing firm performance. The partial least squares structural equation modeling (PLS-SEM) results from survey data from 206 Vietnamese firms indicated the following: (a) internal control effectiveness mediates the effect of the internal control structure on firm performance; (b) leadership consistency positively moderates the impact of the internal control structure on internal control effectiveness; and (c) the moderating effect of leadership consistency is strengthened with a higher level of leadership quality. These findings lead to several theoretical and practical implications.

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“…A higher ICi,t suggests a stronger internal control inside a firm. Prior research mainly focuses on national culture, firms' characteristics, and senior management characteristics, where national culture has a dominant effect [29]. ICi,t index reflects a company's risk management ability because it plays an important role in monitoring managers' behavior and reducing agency costs.…”

Section: Measurement Of Internal Controlmentioning

confidence: 99%

Does Internal Control Reduce Firms’ Stock Price Crash Risk? Evidence from China

Siru¹,

Huang²,

Wang³

2021

Proceedings of the 2021 3rd International Conference on Economic Management and Cultural Industry (ICEMCI 2021)

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Under a unique setting in China, the success of internal control is dependent upon whether the informational and disciplinary role it serves effectively manages risks. Using the data from the China Stock Market & Accounting Research database and Dibo databases, the relationship between internal control and stock price crash risk of the firms is investigated. Our empirical results from the regression model show that there is a negative correlation between the price crash risk and the internal control. After two robustness checks, including alternative measures and multi-fixed effects model analysis, the same results are obtained as before. Furthermore, our heterogeneity analysis shows that the effect of internal control is much more significant on small-cap firms and firms with low institutional ownership. Collectively, our findings suggest that the importance of internal control on firm governance helps reduce stock price crash risk.

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Chief executive officer (CEO)’s rural origin and internal control quality

Cited by 29 publications

References 41 publications

Methodological basis of internal control in the costs management system of enterprises

Methodological basis of internal control in the costs management system of enterprises

Internal Control Systems and Performance of Emerging Market Firms: The Moderating Roles of Leadership Consistency and Quality

Does Internal Control Reduce Firms’ Stock Price Crash Risk? Evidence from China

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