Evaluation and Modeling of Internal Control Performance In State-owned Cultural Enterprises Under the Context of Digital Management

Abstract

Deepening the reform of public service system and accelerating the promotion of digital management in state-owned cultural enterprises are very important for enabling the innovation and development of cultural enterprises. Based on the theories of efficiency theory, agency theory, signal transmission theory and incomplete contract theory, two relevant hypotheses and empirical models are constructed. Correlation analysis and empirical analysis are used to verify the relationship between ownership concentration and ownership nature on the effectiveness of internal control. The empirical results show that the ownership concentration is positively correlated with the effectiveness of internal control, that is, the higher the ownership concentration, the better the internal control. The moderate concentration of equity can achieve the purpose of achieving the consistency of the interests of major shareholders and the company, also improve the enthusiasm of major shareholders. But the nature of equity has no significant impact on the effectiveness of internal control.