| Title: | The Impact of Top Management Team on the Disclosure of Internal Control Deficiencies |
| Author: | Fu Ze |
| Advisor: | Dr. Ma Yu |
| Degree: | Master of Business Administration |
| Major: | Finance and Accounting |
| Faculty: | บัณฑิตวิทยาลัย (Graduate School) |
| Academic year: | 2568 (2025) |
| Published: | นำเสนอในที่ประชุมวิชาการ (Conference) The 1st Thailand-Sino International Conference and The 17th National and International Academic Conference “New Quality Productive Forces and Sustainable Innovation” 14-16 November 2024 (pp.1063-1072) Click PDF |
Abstract
Internal control deficiencies affect the effectiveness of internal controls. The role of the company’s top management team is crucial in promptly and accurately identifying risks, proposing and establishing effective and feasible internal control systems to address those risks, and ultimately ensuring the company’s sustainable development. This study explored the impact of top management team on the disclosure of internal control deficiencies in companies. Using a quantitative method, it systematically examined relevant research findings and analyzed how the power of top management team, cognitive biases, and pay equity influenced the disclosure of internal control deficiencies.
This study surveyed 35 member companies of the Xiamen Listed Companies Association, and used an online questionnaire survey method, inviting a total of 325 executives from listed companies to participate. The questionnaire was distributed through WeChat platform to targeted respondents. 307 valid responses were ultimately obtained, with a high effective response rate of 94.5%. Power of the top management team, and cognitive biases showed a significant negative impact on internal control deficiency disclosures, while pay equity showed a significant positive impact.
To enhance corporate governance effectiveness, organizations should implement a comprehensive reform package that strengthens the disclosure standards for internal control deficiencies, establish a long-term executive learning mechanism to mitigate cognitive biases, and optimize top management team compensation systems to align managerial interests with robust internal control practices.
Keywords: power of top management team, disclosure of internal control deficiencies, cognitive biases, pay equity
6617195719 Fu Ze, 2568 (2025). Advisor: Dr. Ma Yu, สารนิพนธ์ (Independent Study), The Impact of Top Management Team on the Disclosure of Internal Control Deficiencies, นำเสนอในที่ประชุมวิชาการ (Conference), The 17th National and International Academic Conference 2024, ปริญญาโท (Master’s Degree), บัณฑิตวิทยาลัย (Graduate School), Master of Business Administration, Finance and Accounting, Siam University, Bangkok, Thailand – มหาวิทยาลัยสยาม กรุงเทพมหานคร ประเทศไทย
