摘要
企业在审计费用上的差异一直都是实务界与学术界感兴趣的现象,尤其近年来随着宏观经济形势对公司经营发展重要性的不断提高,一系列文献均发现宏观不确定性会导致审计费用显著增加,但尚未有研究从企业层面提出有效的缓解机制,而独董日益被认可的咨询角色以及宏微观结合的视角为本文探索这一问题提供了灵感。基于2007-2017年沪深A股上市公司的样本,从独董具备的宏观视野角度出发展开了相应的研究,实证检验发现,上市公司拥有宏观背景独董,以及拥有的宏观背景独董数量越多、比例越高时,其审计费用越低;与此同时,当企业位于投资者保护程度较高的地区、拥有较高的公司治理水平以及处于经济不确定性程度较高时期时,宏观背景独董的咨询作用能得到更显著的体现,使企业审计费用的降低也更多;进一步的作用机制分析还表明,宏观背景独董主要是通过降低企业的审计风险最终作用于审计费用。
The difference of enterprises in audit expenses has always drawn attention from practice field and academia, especially in recent years when the macroeconomic situation plays an increasingly important role in corporate development. A series of literature show that macro uncertainty can lead to significant increase in audit expenses, but no research puts forward effective relief mechanism for enterprises. This paper explores this issue by considering the increasingly recognized consulting role of independent directors as well as their combination of macro and micro perspectives. Based on the samples of A-share companies listed in Shanghai and Shenzhen from 2007 to 2017, it researches the macroscopic vision of independent directors.The empirical investigations show when listed companies have independent directors with macro background, and when the number and the proportion of such directors are larger, the audit costs are smaller. Additionally, when an enterprise is located in a region with greater protection of investors, has a higher level of corporate governance and is in a period with higher economic uncertainty, the independent directors can give fuller play to their advisory role, so that enterprise will reduce more audit expenses. Further analysis of the functional mechanism also manifests that they exert influence on audit expenses mainly by mitigating enterprises’ audit risk.
作者
窦超
陈战光
刘敬哲
李甘霖
DOU Chao;CHEN Zhan-guang;LIU Jing-zhe;LI Gan-lin(Business School,Central University of Finance and Economics,Beijing 100081;School of Economics and Management,Tsinghua University,Beijing 100084,China)
出处
《兰州大学学报（社会科学版）》
CSSCI
北大核心
2020年第2期123-133,共11页
Journal of Lanzhou University（Social Sciences）
基金
国家自然科学基金面上项目(71372050)
教育部人文社科规划基金项目(18YJA630067)
中央财经大学青年教师发展基金(QJJ1711)。
