风刮帽子扣麻雀：信息披露一线监管模式变更与审计质量

• 作者： 王成岐 ¹ 王琳 ²
• 作者单位：
  1.  广州商学院国际学院

  2.  公共经济研究会
• 通讯作者： 王琳 
• 发布时间：2024-08-27

摘要: 分行业监管是一线交易所在信息披露监管模式上的重要变革。以2009-2020年沪深A股上市公司为样本，利用分行业监管政策的实施，构建双重差分模型，发现分行业监管可显著提升上市公司的审计质量，其机制在于分行业监管带来的媒体关注和投资者关注上升。进一步地，异质性分析发现这一效应在事务所竞争程度高、规模小的情况下更加显著，在民企和内部控制质量低的企业中更加显著，并在市场化程度高、社会信任程度高的地区更加显著。结论表明，分行业监管的治理效应可在审计师层面得以体现，这不仅丰富了交易所一线监管的有效性研究和审计质量影响因素的相关文献，也为分行业监管的实践提供了理论支撑。

Abstract: The regulatory mode by industry has been a significant revolution for the information disclosure front-line regulatory mode. Based on listed firms in China’s A-share market from 2009 to 2020，we employed the change of regulatory mode as a quasi-natural experimental setting to examine whether the regulatory mode by industry would impact audit quality and how such impact would be contingent upon auditor, firm and regional characteristics. It is found that the change of the regulatory mode has significantly increased firms’ audit quality，particularly for firms in specially-regulated industries. The results remain consistent after a battery of robustness tests. Furthermore，the effect of the regulatory mode by industry on audit quality is more pronounced for auditors operating in more competitive auditing market and small-size auditors. Also, such effect is more significant for private firms and firms with poor-quality internal control. At the regional level, in areas with more developed marketization and higher level of social trust, such effect is also more salient. The results theoretically contribute to the literature on front-line regulation and factors influencing audit quality and practically offer significant implications on innovating regulatory modes.

• 来自： 王琳
• 分类： 工商管理学 >> 会计学
• 稿件状态： 未投稿
• 引用： PSSXiv:202408.01418 (或此版本 PSSXiv:202408.01418V1)
  DOI:10.12451/202408.01418
  CSTR:32012.36.PSSXiv.202408.01418
• 推荐引用方式： 王成岐,王琳.风刮帽子扣麻雀：信息披露一线监管模式变更与审计质量.哲学社会科学预印本平台:https://zsyyb.cn/abs/202408.01418.[PSSXiv:202408.01418V1] (点此复制)