政府审计抑制企业金融化的路径研究——基于多时点双重差分模型的检验

Can Government Audit Reduce the Financialization of Enterprises?——Verification of Double Difference Model Based on Multiple Time Points

原文传递

导出

摘要政府审计作为国有企业外部监督与治理的有效方式,对国有企业高质量发展具有重要意义。本文以2010—2017年830家国有上市公司为样本,采用多时点双重差分模型来检验政府审计对国有企业金融化水平的影响及作用路径。研究表明,政府审计通过降低国有企业投机性金融资产占比,对国有企业金融化具有显著的抑制作用。进一步分析发现,政府审计对规模较大、盈利表现不佳、上市年份较长企业的金融化水平有更为显著的抑制作用,但整体而言,国有上市公司受到政府审计的比例较低。本文揭示了政府审计抑制国有企业金融化水平的作用路径,对进一步完善政府审计体系、防控系统性金融风险、推动建设现代化产业体系具有一定参考价值。 As an effective way of external supervision and governance of state-owned enterprises,government audit is of great significance to the high-quality development of state-owned enterprises.This paper takes 830 state-owned listed companies from 2010 to 2017 as a sample,and uses a multi time point double difference model to test the impact of government audit on the level of state-owned enterprise financialization and its path of action.The research shows that government audit can significantly inhibit the financialization of state-owned enterprises by reducing the proportion of speculative financial assets of state-owned enterprises.Further analysis shows that government audit has a more significant inhibitory effect on the financial level of enterprises with large scale,poor profit performance and long listing years,but on the whole,the proportion of state-owned listed companies subject to government audit is low.This paper reveals the function path of government audit to restrain the financial level of state-owned enterprises,which has certain reference value for further improving the government audit system,preventing and controlling systematic financial risks,and promoting the construction of a modern industrial system.

作者付金存李毓任昕齐袁润泽 Fu Jincun;Li Yu;Ren Xinqi;Yuan Runze(Business School,North Minzu University,Yinchuan 750021)

机构地区北方民族大学商学院

出处《中国审计评论》 2023年第1期53-65,共13页 China Auditing Review

基金国家社会科学基金青年项目(17CGL037) 北方民族大学人才引进专项(113159251) 北方民族大学校级科研一般项目(12021000168) 北方民族大学研究生创新项目(项目编号:YCX22038)

关键词政府审计金融化投机性金融资产 Audit of Government Financialization Speculative Financial Assets

分类号 F832.51 [经济管理—金融学] F239.44 [经济管理—会计学]

作者简介付金存(1986—),男,山东德州人,北方民族大学商学院副教授,博士,主要研究方向为政府审计与公司治理;李毓(1997—),女,宁夏银川人,北方民族大学商学院2021级硕士研究生,主要研究方向为政府审计与公司治理;任昕齐(1999—),男,河南新乡人,北方民族大学商学院2021级硕士研究生,主要研究方向为政府审计与公司治理;袁润泽(1998—),女,宁夏石嘴山人,北方民族大学商学院2021级硕士研究生,主要研究方向为政府审计与公司治理。