摘要
基于2010—2021年中国沪深A股上市公司为研究样本,考察审计费用对企业盈余管理的影响及作用机制。研究发现,审计费用越高,上市公司进行应计盈余管理和真实盈余管理的程度越低;与高管无政治关联的公司相比,高管具有政治关联的企业进行应计盈余管理和真实盈余管理的程度更高。异质性分析表明,高管政治关联削弱审计费用对企业真实盈余管理的抑制作用,但并未削弱其对应计盈余管理的抑制作用;与国有企业相比,民营企业提高审计费用可以更显著地抑制其进行应计盈余管理和真实盈余管理;此外,相对于非“四大”会计师事务所,国际“四大”会计师事务所通过收取较高的审计费用,对企业盈余管理行为的抑制作用更强。机制分析显示,审计费用主要通过提升审计质量来抑制企业盈余管理。文章探讨了中国资本市场外部审计与政治关联的博弈结果,为优化企业资本配置效率提供理论依据。
Based on a research sample of Chinese A-share listed companies in Shanghai and Shen-zhen from 2010 to 2021,the study examines the impact and mechanism of audit fees on corporate surplus management.The study finds that the higher the audit fee,the lower the degree of accrued surplus man-agement and true surplus management of listed companies;and the higher the degree of accrued surplus management and true surplus management of companies with politically connected executives compared with companies with politically connected executives.Heterogeneity analysis shows that political affil-iation of executives weakens the inhibitory effect of audit fees on true surplus management but not on accrued surplus management;compared with state-owned firms,private firms can be more significantly inhibited from accrued surplus management and true surplus management by increasing audit fees;fur-thermore,compared with non-Big Four"In addition,compared with non-Big Four accounting firms,in-ternational Big Four accounting firms have a stronger inhibiting effect on corporate surplus management behavior by charging higher audit fees.The mechanism analysis shows that audit fees mainly inhibit cor-porate surplus management by improving audit quality.The article explores the game results of external auditing and political affiliation in Chinese capital market to provide theoretical basis for optimizing the efficiency of corporate capital allocation.
作者
戴利君
张建翔
DAI Lijun;ZHANG Jianxiang(School of Economics and Management,Nanchang Institute of Science and Technology,Nanchang,Jiangxi 330013;School of Economics and Management,Foshan University,Foshan,Guangdong 528000)
出处
《管理现代化》
北大核心
2024年第1期64-72,共9页
Modernization of Management
基金
国家社会科学基金一般项目“隐含碳排放复杂网络视角下的产业关联效应研究”(22BTJ033)。
关键词
应计盈余管理
真实盈余管理
审计费用
高管政治关联
Accrued surplus management
Real surplus management
Audit fees
Executive po-litical affiliation
