摘要
我国经济发展“脱实向虚”的趋势受到广泛关注。作为“脱实向虚”在微观层面的重要体现,企业金融化对审计质量的影响也成为关注焦点。本文以2009〜2018年A股市场非金融企业为研究样本,通过改良的修正Jones和去趋势资产误定价模型,从验证金融化水平对审计质量和审计费用影响的假设检验出发,进一步分解审计费用,探究企业金融化对审计费用传导机制的具体影响。研究发现:企业金融化水平提升会降低审计质量,提高审计费用;同时给审计费用的传导机制带来改变,通过审计风险溢价以及异常审计费用带动审计费用传导机制的变化,最终使得审计费用和审计质量之间呈现出负相关关系。
The tendency of China's economy to ndivert from real to virtual"has gets a lot of attention.As an important manifestation of ndiversion from real to virtualn at the micro level,the impact of corporate financialization on audit quality has also become a key research issue.With non-financial companies in the A-share market from 2009 to 2018 as research samples,through improved correction Jones and detrended asset mispricing model,this paper validates the hypothesis that financialization afiects audit quality and audit fees,and further breaks down audit fees,to explore the specific impact of transmission mechanism between enterprise financialization and audit fees.The study shows that increased corporate financialization will reduce aucHt quality and increase audit fees;at the same time,it will bring changes to the transmission mechanism of audit fees.Audit risk premiums and abnormal audit fees drive changes in the audit fee transmission mechanism,which ultimately leads to a negative correlation between audit fees and audit quality.
作者
刘禹君
刘嫣然
Liu Yujun;Liu Yanran
出处
《审计研究》
CSSCI
北大核心
2020年第5期77-85,共9页
Auditing Research
基金
2020年教育部人文社会科学研究青年基金项目(项目批准号:20YJC630091)的资助。
关键词
金融化
审计费用
传导机制
盈余管理
审计风险
financialization
audit fees
conduction mechanism
earnings management
audit risk
