The Correlation Between Internal Control Management and Corporate Performance
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DOI: 10.25236/etmhs.2024.057
Author(s)
Liqin Gong, Yuan Zhang, Lifan Liu, Yuchen Yuan
Corresponding Author
Liqin Gong
Abstract
With the advent of the era of knowledge economy, the internal control of enterprises is also facing new challenges and opportunities. This article mainly reveals the internal relationship between enterprise internal control management and enterprise performance, and discusses the causal relationship between them. Through in-depth analysis and empirical research, this article clarifies the specific impact mechanism of internal control management on enterprise performance, and reveals the significant positive impact of the effectiveness of internal control management on enterprise performance. Specifically, effective internal control management can improve the operational efficiency of enterprises, reduce risks, and then promote the improvement of enterprise performance. Based on this discovery, this article puts forward a series of specific suggestions for enterprises to strengthen internal control management in order to help enterprises improve their performance. This study not only enriches the theoretical system of enterprise management, but also provides useful guidance and enlightenment for the actual operation of enterprises.
Keywords
Internal control management; Enterprise performance; Enterprise competitiveness; Relevance