摘要
以2015年末我国实施的省以下审计机关人财物管理试点改革作为准自然实验,选取2011—2020年A股地方国有企业为研究样本,利用双重差分模型实证检验地方审计管理体制改革对地方国有企业金融资产配置的影响。研究结果表明,地方审计管理体制改革有效抑制了地方国有企业金融资产配置规模。区分金融资产类别后研究发现,地方审计管理体制改革对企业显性金融资产规模的抑制效果较明显,但与隐性金融资产配置规模间无明显相关关系。进一步研究发现,当地方审计管理体制改革力度以及地方审计机关的审计强度越大时,政府审计对企业金融资产配置的抑制作用越明显。机制分析发现,地方审计管理体制改革通过规范政府干预缩减了地方国有企业显性金融资产配置规模,且在财政压力较大的地区这一抑制效果更为明显。
This paper takes the pilot reform of personnel and property management of audit institutions under the provincial level implemented at the end of 2015 as A quasi-natural experiment,selects A-share local state-owned enterprises in Shanghai and Shenzhen from 2011 to 2020 as research samples,and uses the differences in differences model to test the effect of local audit management system reform on the financial asset allocation of local state-owned enterprises.The results show that:The reform of local audit management system can significantly reduce the scale of financial asset allocation of local state-owned enterprises.By classifying financial asset classes,it is found that the reform has an obvious effect on the scale of explicit financial assets,but has no obvious effect on the scale of hidden financial assets allocation.Further research shows that the stronger the reform of local audit management system and the stronger the audit intensity of local audit institutions,the more obvious the inhibitory effect of government audit on corporate financial asset allocation.Mechanism analysis shows that the reform of local audit management system reduces the scale of financial asset allocation of local state-owned enterprises by regulating government intervention,and the inhibition effect is more obvious in regions with greater financial pressure.
作者
窦炜
赵蕾
马莉莉
DOU Wei;ZHAO Lei;MA Lili(School of Economics and Management,Huazhong Agricultural University,Wuhan 430070;School of Economics and Management,Wuhan University,Wuhan 430072)
出处
《审计与经济研究》
CSSCI
北大核心
2024年第2期11-21,共11页
Journal of Audit & Economics
基金
国家社会科学基金项目(21BJY124)
中央高校基本科研业务费专项基金项目(2662023JGPY002)。
关键词
地方审计管理体制改革
金融资产配置
隐性金融资产
政府审计
政府干预
reform of audit management system
financial asset allocation
hidden financial asset allocation
government audit
government intervention
