Abstract

Info

Title:: Internal control, market position and corporate performance ——taking listed companies in China’s transportation industry as example

Author(s):: ZHOU Xianwen; WANG Xiaoyan; XU Zexin; School of Maritime Economics and Management，Dalian Maritime University，Dalian 116026，Liaoning，China

Keywords:: transportation industry; listed company; internal control; market position; corporate performance

Abstract:: The transportation industry is related to the overall development of China’s market economy and social stability. In order to improve the management system of listed companies in the transportation industry, make full use of the market position of enterprises, and promote the orderly development of enterprises from both internal and external perspectives, this paper selects the Ashare listed companies in the transportation industry of Shanghai and Shenzhen from 2008 to 2017 as the research sample, incorporates internal control, market position and corporate performance into a single theoretical framework, and conducts empirical test according to the steps of the intermediary effect test. From the perspective of internal control, this paper studies its respective effects on market position and corporate performance, and uses market position as an intermediary variable to analyze its role in the relationship between internal control and corporate performance. The study believes that for the listed companies in China’s transportation industry, corporate performance is positively related to internal control; market position is positively related to internal control; corporate performance is positively related to market position; market position plays an intermediary role between internal control and corporate performance, that is, internal control affects corporate performance by partially affecting the company’s market position.