期刊文献+

环境信息披露、高质量审计与盈余持续性 被引量:6

Corporate Environmental Information Disclosure,High-Quality Auditing and Earnings Persistence
原文传递
导出
摘要 本文关注企业环境信息披露的信号功能,分析了2008~2017年上市公司的环境信息数据,发现环境信息披露的透明度与盈余持续性显著正相关,表明上市公司通过环境信息向外部利益相关者传递了其盈余持续性的信息。进一步研究发现,环境信息披露的透明度与盈余持续性之间的正相关关系在非"四大"会计师事务所(简称非"四大")审计的公司中显著,而在"四大"会计师事务所(简称"四大")审计的公司中不显著。上述结果表明,高质量审计削弱了环境信息披露在显示盈余持续性上的信号甄别作用。此外,我们还发现,环境信息透明度越高的公司盈余反应系数越大,而高质量审计削弱了二者之间的正向联系。本文的研究结论为深化对环境信息披露及环境治理的认识提供了重要的参考。 We examine the signaling effect of corporate environmental information disclosure of listed firms in China for the period of 2008-2017.We find a significantly positive association between the degree of environmental information transparency and the level of earnings persistence,suggesting that environmental information disclosure conveys fundamental information about the persistence of corporate earnings.Nevertheless,further investigations reveal that the aforementioned positive association exists only in firms with non-Big4 auditors,but not in firms with Big4 auditors.These results imply that high-quality auditing plays a substitution role in corporate disclosure in that it attenuates the marginal information content of corporate environmental information disclosure,at least for earnings persistence.Consistent with this implication,we further show that firms with a higher degree of environmental information transparency have larger earnings response coefficients,but the relation weakens in firms with high-quality auditing.Our results help to understand the externality of environmental information disclosure driven by environmental protection regulations.
作者 常莹莹 裴红梅 Yingying Chang;Hongmei Pei(School of Business Administration of Jimei University/Center for Min-tai Auditing,Xiamen,Fujian,China 361021;School of Accounting,Tianjin University of Commerce,Tianjin,China 300134)
出处 《当代会计评论》 2020年第2期106-135,共30页 Contemporary Accounting Review
基金 教育部人文社会科学研究青年基金项目“企业漂绿与审计行为:数据挖掘与经验证据”(17YJC790006) 福建省高校杰出青年科研人才培育计划“企业环境绩效与审计行为研究:基于大数据挖掘和经验证据”(JYJQ201801) 福建省教育厅中青年教师教育科研项目“企业环境绩效、外部审计与盈余持续性研究”(JAS170215)的资助
关键词 环境信息披露 高质量审计 盈余持续性 信号甄别 替代效应 environmental information disclosure high-quality auditing earnings persistence signaling effect substitution effect
  • 相关文献

参考文献18

二级参考文献255

共引文献947

同被引文献123

引证文献6

二级引证文献160

相关作者

内容加载中请稍等...

相关机构

内容加载中请稍等...

相关主题

内容加载中请稍等...

浏览历史

内容加载中请稍等...
;
使用帮助 返回顶部