摘要
审计师参与新股发行审核是核准制下我国IPO市场监管的重要特色,本文尝试分析审计师参与新股发行审核影响IPO审计市场竞争的机理。理论分析表明,往届委员在发行审核中积累的隐性知识对要上市企业了解监管部门的审核规则,进而指导上市准备工作具有重要价值,这种知识溢出效应使曾担任发审委委员的合伙人成为会计师事务所在IPO审计市场获得竞争优势的重要内部资源;而实证分析结果支持知识溢出效应:IPO审计市场份额与会计师事务所中曾担任往届发审委委员的人数显著正相关,而在控制往届委员人数的情况下是否有合伙人担任本届发审委委员对IPO审计市场份额没有显著影响。
This paper attempts to investigate the relationship between the accountant of an auditor being the member of Issuance Examination Committee （IEC） and IPO audit market share, and argues that accountant being the mem- ber of IEC has positive effect on IPO audit market share for the related auditor by spillover effect instead of rent-see- king effect. The empirical results and robust analysis support the spillover effect：the number of past member of IEC has positive effect on related auditor＇s IPO audit market share, however, accountant being the current member of IEC has no effect on auditor＇s IPO audit market share after controlling the number of past member for the same auditor.
出处
《审计研究》
CSSCI
北大核心
2015年第2期89-96,105,共9页
Auditing Research
关键词
审计市场
溢出效应
股票发行审核委员会
audit market, spiUover effect, issuance examination committee
