Excess Goodwill and Cost of Commercial Credit:Based on the Perspective of Risk and Internal Control
In order to clarify the relationship between excess goodwill and cost of commercial credit,from the perspective of cost of commercial credit for suppliers and enterprises,using Shanghai and Shenzhen A-share companies from 2014 to 2021 as samples,based on signal transmission theory,the impact mechanism of excess goodwill on cost of commercial credit was ana-lyzed.The study found that excess goodwill positively affects cost of commercial credit;Excess goodwill exacerbates business risks,thereby increasing the cost of commercial credit;Higher quality of internal control has a negative moderating effect on the relationship between excess goodwill and cost of commercial credit,and as the quality of internal control improves,the role of ex-cess goodwill in exacerbating operational risks will decrease,and correspondingly,its positive impact on cost of commercial credit will also weaken.Further research has found that in situations where the proportion of independent directors is high,the level of executive equity incentives is high,and the level of executive compensation incentives is low,the positive impact of excess good-will on cost of commercial credit is reduced.Higher proportion of independent directors and executive equity incentives can alle-viate the negative impact of excess goodwill to a certain extent.
excess goodwillcost of commercial creditbusiness risksinternal control qualitysignal transmission theory
NETL
NSTL
万方数据
维普
