Factors affecting the effectiveness of the internal control system to improve operational efficiency at companies listed on the Ho Chi Minh City Stock Exchange

Abstract

The research objective is to determine and measure the influence of factors on the effectiveness of the internal control system in order to improve operational efficiency at companies listed on the Stock Exchange Ho Chi Minh City. The study surveyed the leadership representatives of these companies using the convenience sampling method with a valid sample size of 612. The collected data was tested through a linear structural analysis model (Structural Equation Modeling). – SEM). Research results have determined that there are 5 factors that affect the effectiveness of businesses in the same direction, which are Control Environment, Risk Assessment, Supervisory Activities, Information, Communication and Supervision. At the same time, the research results also confirm that the higher the effectiveness of the internal control system, the more improved the operating efficiency of companies listed on the Ho Chi Minh City Stock Exchange will be.