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Research on government subsidy, internal control and overinvestment in enterprises by multiple regression analysis method : Based on multiple regression analysis method

机译:多元回归分析方法的政府补贴,内部控制和农营投资研究:基于多元回归分析方法

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In recent years, scope of Chinese government subsidy expands unceasingly and the excessive investment behavior of enterprises is increasing continuously. To study the inhibitory effect of internal control during government subsidies promoting overinvestment, taking Shanghai and Shenzhen A-share manufacturing listed companies from 2013 to 2018 as research samples, this paper adopts multiple regression analysis method to test the moderating effect of internal control on the influence of government subsidies on enterprises' excessive investment. I find empirical support for that government subsidies promote firms to overinvest, and good internal control can reduce the positive impact of government subsidies on overinvestment. Furthermore, in the enterprises with low product market competition intensity or no political connection, the regulating effect of the internal control is more significant.
机译:近年来,中国政府补贴的范围不断扩大,企业的过度投资行为正在不断增加。为研究内部控制期间的抑制作用,在政府补贴期间促进过度投资,从2013年至2018年以上升级投资,乘坐上海和深圳A股制造业公司作为研究样本,采用多元回归分析方法来测试内部控制对影响的温和效果企业过度投资的政府补贴。我发现政府补贴的实证支持促使公司进口的公司,良好的内部控制可以减少政府补贴对过度投资的积极影响。此外,在产品市场竞争强度低或无政治联系的企业中,内部控制的调节效果更为显着。

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