Research on Internal Control and Financial Performance of Coal Enterprises due to the Influence of Audience

Na Liu
China National Institute of Standardization, Beijing 100193, Beijing, China
Xingyao Zhou
China National Institute of Standardization, Beijing 100193, Beijing, China
Fujun Wan
China National Institute of Standardization, Beijing 100193, Beijing, China
Meng Huang
CHN Energy Technology & Economics Research Institute, Beijing 102211, Beijing, China

Abstract:

Under the dual influence of the "carbon neutralization" policy and unstable coal prices, the financial performance of coal enterprises experiences significant fluctuations. In order to enhance the financial performance of coal enterprises, it is essential to improve the internal control quality of these enterprises. With the aim to examine the influence of internal control quality on the financial performance of coal enterprises and to consider the intermediary role of cost stickiness, this paper takes the relevant data of listed coal enterprises from 2011 to 2021 as the research sample. It constructs a model to conduct an empirical analysis on the role of internal control quality, Cost Stickiness and financial performance. Through data analysis, it is evident that strengthening the internal control of coal enterprises will indeed play a positive role in enhancing the financial performance of enterprises. Furthermore, the Cost Stickiness plays a partial intermediary role, meaning that Cost Stickiness in coal enterprises can be mitigated through internal control, thereby improving the financial performance of enterprises.