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Table 1 Variable definitions

From: Internal control, related party transactions and corporate value of enterprises directly controlled by Chinese central government

Variables Definitions Number of supporting questions (items)
ICQ Internal control quality is good 11
CE Control environment is good 14
RA Risk assessment is reasonable 9
IAC Information and communication are quick 11
CA Control activities are effective 13
M Monitoring effect is good 10
RPT Fairness of related party transactions is enhanced 7
CV Corporate value is increased 11