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Jeffrey, D. and Weili, G. and Sarah, M. (2006) Determinants of Weaknesses in Internal Control over Financial Reporting and the Implications for Earning Quality. Accounting Horizons, 5, 67-75.

has been cited by the following article:

• TITLE: Internal Control, Asset Substitution and Creditor Protection

  AUTHORS: Weiping Huang, Panpan Long

  KEYWORDS: Internal Control, Asset Substitution, Capital Occupied, Creditor Protection

  JOURNAL NAME: Modern Economy, Vol.6 No.4, April 23, 2015

  ABSTRACT: At present, the main ways of protecting the interests of creditors include adjusting the new debt scale, reducing the interest rate and adjusting the debt capital cost. In this paper, from a new perspective of the principal-agent, this article tries to explore whether the internal control can protect the interests of the creditors. Through the study, we found that the higher the quality of internal control of listed companies, the less the occupied money by assets substitution of controlling shareholders.