INTERNAL CONTROLS, GOVERNANCE STRUCTURES, AND FINANCIAL RISK: A TRIADIC ANALYSIS IN LISTED COMPANIES

In today's highly dynamic and complex business environment, the intrinsic relationship among internal control, governance structure, and financial risk in listed companies has drawn significant attention. Serving as the cornerstone for ensuring operational effectiveness and financial information reliability, internal control works in close synergy with the corporate governance structure, collectively forming the enterprise governance framework. As financial risk represents a core threat to companies, mitigating it effectively depends critically on robust internal control mechanisms and efficient governance structures. Consequently, in-depth research into the interplay among these three elements in listed companies holds substantial practical value for enhancing operational efficiency, strengthening financial transparency, and reducing overall risk.