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| 文章编号：1672-3104(2016)06-0108-09 |
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公司治理、内部控制与智力资本价值创造效率 |
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曾蔚，周光琪 |
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（中南大学商学院，湖南长沙，410083） |
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| 摘 要： 公司治理和内部控制可以有效解决智力资本投资与管理中的代理冲突，在智力资本创造企业价值的过程中这二者相互联系而又各有侧重。鉴于此，以2011—2014年沪深两市127家信息技术类上市公司为样本，结合VAIC模型，对公司治理、内部控制与智力资本价值创造效率的关系。研究发现，公司治理水平、有效的内部控制有利于智力资本价值创造效率的提升，同时二者在智力资本创造企业价值过程中发挥着互补作用。 |
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| 关键词： 公司治理；内部控制；VAIC模型；智力资本价值创造效率 |
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Research on the correlation of corporate governance, internal control and value added efficiency of intellectual capital |
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ZENG Wei, ZHOU Guangqi |
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（School of Business, Central South University, Changsha 410083, China） |
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| Abstract: Corporate governance and internal control can handle agency conflicts of management and internal employees effectively, and in the process of value added efficiency of intellectual capital, they correlate to each other while focusing on different weights. Based on this, the present essay adopts the data of 127 listed companies from Shanghai and Shenzhen Stock Exchange from the year of 2011 to 2014 as samples to study the relationship among corporate governance, internal control and value added efficiency of intellectual capital for the first time. Findings show that corporate governance level and valid internal control are beneficial to enhancing value added efficiency of intellectual capital, and that both of them play a complementary role in the process of value creation of intellectual capital. |
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Key words: corporate governance; internal control; VAIC model; value added efficiency of intellectual capital |
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