摘要
本文利用地方党委审计委员会召开这一外生事件,实证检验会议召开引起的政策性成本上升对企业会计信息质量具有何种影响。研究发现,党委审计委员会在本季度召开会议,企业的季度盈余管理水平降低0.64%。进一步研究发现,上述发现在党委审计委员会对企业施加更大压力(如增加开会内容和提高开会响应速度)从而产生更多政策性成本时效果更明显。媒体关注、市场关注会放大党委审计委员会对企业的压力。异质性分析表明,在市场化水平较低、市属国有企业中上述作用更加显著,而且党委审计委员会对民营企业也具有溢出效应。本文从政策性成本的视角考察了企业盈余管理的影响因素,从审计监督角度深化了对政策性成本理论内涵的认识,有助于厘清中国政策性成本的作用机制,并表明了“党政一体化”的审计监督体制对企业治理的优越性,为优化我国政府审计监督体系、更好地实现党的二十大报告中提出的“健全监督体系”和“守住不发生系统性风险底线”的要求提供了经验证据。
This paper uses the exogenous events held by the audit committee of the local Party Committee to empirically test the impact of the policy cost increase caused by the meeting on the quality of accounting information.The study finds that when the audit committee of the Party Committee holds a meeting in the current quarter,the level of quarterly earnings management of the firm decreases by 0.64%.Further research finds that the conclusion is more effective when the audit committee of the Party Committee exerts more pressure on the firm,such as increasing the content of the meeting and the response speed of the meeting,thus resulting in more policy costs.Media supervision and market attention will magnify the pressure of the audit committee of the Party Committee on enterprises.Heterogeneity analysis shows that the above effects are more significant in the low level of marketization and municipal state-owned enterprises.Moreover,the audit committee of the Party Committee also has a spillover effect on private enterprises.This paper examines the influencing factors of corporate earnings management from the perspective of policy cost,deeps the understanding of the connotation of policy cost theory from the perspective of audit supervision,helps to clarify the mechanism of action of policy cost in China,and demonstrates the superiority of the audit supervision system of“integration of party and government”for corporate governance.To provide empirical evidence for optimizing the government audit supervision of our country and better realizing the requirements of“perfecting the supervision system”and“holding the bottom line of no systemic risk”put forward in the 20th CPC National Congress Report.
作者
王琦
陈宋生
QI WANG;SONGSHENG CHEN
出处
《中国会计评论》
2023年第3期391-444,共54页
China Accounting Review
基金
国家社会科学重点项目(21AZD089)
国家自然科学基金项目(71972011)
北京市社会科学基金项目(21GLA012)的阶段性成果
广东省普通高校人文社科重点研究基地“智能财务治理与国家经济安全研究基地”(2023WZJD009)
北京理工大学珠海学院校级质量工程(2023006ZLGC,2023008ZLGC)的重要组成部分
关键词
地方党委审计委员会
外部压力
政策性成本
盈余管理
Audit Committee of the Local Party Committee
External Pressure
Policy Cost
Earnings Management
作者简介
通信作者:陈宋生,地址:北京市海淀区中关村南大街5号,邮编:100081,E-mail:chenss@bit.edu.cn
