企业“同辈选择”文化的识别、成因及其对内部控制的影响——基于中国非金融上市公司的实证分析

Identification and Causes of Enterprise “Peer Selection” Culture and Its Impact on Internal Control—An Empirical Analysis of Non-Financial Companies in China

摘要: 以2010~2020年沪深两市非金融类上市公司为样本，从企业高层行为倾向的角度，通过实证研究证实了企业普遍存在“同辈选择”文化，即权力和地位优先在同辈之间传递的倾向性。在此基础上，本文量化“同辈选择”文化的强度，发现企业的高层年龄、董事会规模、企业规模会显著影响其强弱，行业调节了董事平均年龄与“同辈选择”文化强度之间的关系；“同辈选择”文化的盛行会使企业内部控制水平下降。进一步地，本文发现“同辈选择”文化在董事会规模与企业内部控制之间的中介效应。本文的研究提供了一种非文本分析方式研究企业文化的思路，发现了一种较少被观察到的企业文化特征，探究了其成因和其对企业内部控制的影响。这些研究对企业文化建设、加强内部控制，以及之后对企业文化的研究提供了有益的参考。

Abstract: Based on the data of the Shanghai and Shenzhen non-financial listed enterprises from 2010 to 2020, this article confirms that there is a “peer selection” culture, the tendency of priority of power and status to be transmitted among peers, in China’s enterprises. On this basis, this article quantifies the strength of “peer selection” culture in enterprises, and finds that the age of executives, the size of the board of directors and the size of the enterprise significantly affect this culture’s strength. Difference of industry regulates the relationship between the average age of enterprises’ directors and the strength of its “peer selection” culture. The prevalence of “peer selection” culture in enterprises reduces the level of internal control. Furthermore, this article finds the intermediary effect of “peer selection” culture between the size of the board of directors and the internal control level of enterprises. The research of this article provides an idea of studying corporate culture without using text analysis, finds a less observed feature of corporate culture, and explores its causes and its impact on internal control. This study provides a useful reference for the construction of corporate culture, the strengthening of internal control, and the subsequent research on corporate culture.