摘要
随着供给侧结构性改革的不断深入推进,劳动力要素的改革受到广泛关注,如何有效提升企业劳动投资效率尤为重要。以2008—2018年央企及其下属上市公司为样本,考察国家审计对企业劳动投资效率的影响。研究发现:国家审计能够显著提升央企控股上市公司的劳动投资效率;机制检验结果表明,国家审计可以通过降低信息不对称和缓解代理问题,进而促进企业劳动投资效率的提高;异质性分析结果发现,国家审计在内部控制质量较高、社会审计质量较好以及处于产品市场竞争程度较高行业的企业中所发挥的促进作用更为显著,表明国家审计与企业内外部的各项治理机制能够很好地产生协同治理效应。
With the continuous deepening of supply-side structural reform,the reform of labor factors has received extensive attention,and how to effectively improve the efficiency of corporate labor investment is particularly important.Based on the sample of central enterprises and their subordinate listed companies from 2008 to 2018,this paper examines the impact of state audit on firms labor investment efficiency.It is found that state audit can significantly improve firms labor investment efficiency;the mechanism tests show that state audit can promote labor investment efficiency by reducing the information asymmetry and agency cost of state-owned enterprises.Further analyses suggest that the positive effect of state audit on labor investment efficiency is more pronounced for firms with higher internal control quality,firms with better external audit quality,firms with higher levels of product market competition,and those belonging to regulated industries,indicating that state audit and various internal and external governance mechanisms of firms can effectively produce synergistic governance effects.
作者
杨鑫
张淳
杜晓荣
YANG Xin;ZHANG Chun;DU Xiaorong(Business School,Hohai University,Nanjing 211100,China)
出处
《审计与经济研究》
CSSCI
北大核心
2024年第6期12-21,共10页
Journal of Audit & Economics
基金
江苏省高校哲学社会科学研究一般项目(023SJYB0035)
中央高校基本科研业务经费项目(B230207065)
江苏省高层次创新创业人才引进计划资助项目(JSSCBS20210259)。
关键词
国家审计
劳动投资效率
信息不对称
代理成本
内部控制
国家治理
state audit
labor investment efficiency
information asymmetry
agency cost
internal control
national governance
