摘要
文章以深沪两市2007—2018年的上市公司为研究样本,对管理者权力与审计风险溢价的关系及其传导机制进行了探讨。研究发现:管理者权力对审计风险溢价具有显著的正向关系,此关系受到股权制衡度和公司成长性的调节影响;技术创新对管理层权力与审计风险溢价具有部分中介效应,管理者权力越大,越有可能通过技术创新实现私利,而在其进行过程中的经营风险及财务风险将增加进而加大了审计风险溢价。基于以上结论,本文从进一步完善公司治理、转变公司发展方式和提高审计风险应对方法三个方面提出了政策建议。
The manager is not only the brewer of the company’s major strategy,but also the important implementer of the strategy.The manipulative power makes them opportunistic.Based on the samples of the listed companies in Shenzhen and Shanghai from 2007 to 2018,this paper discusses the relationship between manager power and audit risk premium and its transmission mechanism.It is found that there is a significant positive relationship between manager power and audit risk premium,which is influenced by the degree of equity checks and balances and the growth of the company,technological innovation has a partial intermediary effect on the power of management and audit risk premium,and in the process of its operating risk and financial risk will increase the audit risk premium.The results provide direct experience support for improving corporate governance,restraining the negative use of managerial power,changing the way of corporate development,encouraging managers to innovate independently,and improving audit risk model and coping methods.
作者
鲁清仿
王浩然
刘万丽
LU Qing-fang;WANG Hao-ran;LIU Wang-li(Business School of Henan University,Kaifeng 415000,China)
出处
《中国软科学》
CSSCI
CSCD
北大核心
2020年第10期137-144,164,共9页
China Soft Science
基金
国家自然科学基金项目“强制现金股利与上市公司研发投资:基于融资约束和代理成本视角的研究”(71702048)
国家社科基金(15BJY020)。
关键词
管理者权力
技术创新
审计风险溢价
中介效应
managerial power
technological innovation
risk premium of audit fees
mediating effects
