本文選題：審計(jì)師質(zhì)量　切入點(diǎn)：資本結(jié)構(gòu)　出處：《科研管理》2016年11期

【摘要】：對(duì)于審計(jì)師質(zhì)量對(duì)資本結(jié)構(gòu)的影響,現(xiàn)有實(shí)證研究并不充分,且現(xiàn)有研究忽略了二者之間的相互關(guān)系。本文利用2008-2011年A股上市公司及其主審會(huì)計(jì)師事務(wù)所數(shù)據(jù),以事務(wù)所行業(yè)專長(zhǎng)和規(guī)模作為審計(jì)師質(zhì)量的替代變量,并采用聯(lián)立方程方法來(lái)解決審計(jì)師質(zhì)量與資本結(jié)構(gòu)之間相互影響所產(chǎn)生的內(nèi)生性問(wèn)題,進(jìn)而實(shí)證考察審計(jì)師質(zhì)量對(duì)資本結(jié)構(gòu)的影響。結(jié)果發(fā)現(xiàn),審計(jì)師質(zhì)量對(duì)資本結(jié)構(gòu)具有顯著的負(fù)向影響。進(jìn)一步研究表明,上述負(fù)向關(guān)系在國(guó)有企業(yè)中比在非國(guó)有企業(yè)中更為明顯。并且,上述負(fù)向關(guān)系僅存在于法治環(huán)境、信貸環(huán)境較好地區(qū)。本文的研究可以提供轉(zhuǎn)型經(jīng)濟(jì)環(huán)境下審計(jì)師質(zhì)量與資本結(jié)構(gòu)之間關(guān)系的經(jīng)驗(yàn)證據(jù),從而豐富資本結(jié)構(gòu)影響因素的文獻(xiàn),并加深對(duì)審計(jì)在公司融資過(guò)程中作用的理解。
[Abstract]:For the impact of auditor quality on capital structure, the existing empirical research is not sufficient, and the existing studies ignore the relationship between the two. This paper uses the data of A share listed companies and their lead audit firms from 2008 to 2011. Taking firm industry expertise and scale as the substitute variable of auditor quality, and adopting simultaneous equation method to solve the endogenous problem caused by the interaction between auditor quality and capital structure. The results show that auditor quality has a significant negative effect on capital structure. The above negative relationship is more obvious in state-owned enterprises than in non-state-owned enterprises. Moreover, these negative relationships only exist in the environment of rule of law. The research in this paper can provide empirical evidence on the relationship between auditor quality and capital structure in the transition economy environment, thus enriching the literature on the influencing factors of capital structure. And deepen the understanding of the role of audit in the financing process of the company.
【作者單位】： 河海大學(xué)商學(xué)院;南京大學(xué)商學(xué)院;
【基金】：國(guó)家自然科學(xué)基金面上項(xiàng)目《外部審計(jì)對(duì)上市公司投融資行為的影響》(71272099;起止時(shí)間2013.1-2016.12);國(guó)家自然科學(xué)基金青年項(xiàng)目《審計(jì)師對(duì)客戶稅收激進(jìn)度的反應(yīng)》(71602047;起止時(shí)間2017.1-2019.12) 中國(guó)特色社會(huì)主義經(jīng)濟(jì)建設(shè)協(xié)同創(chuàng)新中心資助
【分類號(hào)】：F239.43

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本文編號(hào)：1690599