Internal control quality,financing constraints and maturity mismatch of investment and financing:empirical analysis based on listed companies in mining industry
Aiming at the relationship between internal control quality,financing constraints and investment and financing term mismatch,the relationship between internal control quality,financing constraints and investment and financing term mismatch is analyzed by taking listed mining companies from 2012 to 2021 as research samples and adopting the method of empirical research.The results show that there is a significant negative correlation between internal control quality and investment and financing term mismatch;There is a significant negative correlation between internal control quality and financing constraints;Internal control quality reduces the mismatch of investment and financing term by easing financing constraints,and financing constraints play a part of the mediating effect in the relationship between internal control quality and investment and financing term mismatch;The influence of internal control quality on investment and financing maturity mismatch is more significant in non-state-owned enterprises and enterprises with low financial asset allocation level.The research results provide reference for improving the quality of internal control,alleviating financing constraints and reducing the mismatch of investment and financing term.
mining industryinternal control qualityfinancing constraintsmaturity mismatch of investment and financing
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