摘要
创新是企业实现高质量发展的关键驱动力,而企业创新的积极性及有效性离不开管理层良好的信息环境。为考察审计师个体对管理层信息环境的外部性作用,本文以2007~2016年我国A股上市公司为研究对象,利用多元回归模型实证检验了审计师个体层面行业专长与企业创新的关系。研究发现审计师行业专长有助于提高被审计单位的创新投资水平,促进企业有效创新,且管理层信息环境改善是这一作用的潜在影响机制。经过一系列稳健性检验和缓解内生性问题后上述结论仍然成立。进一步分析发现,审计师行业专长的行业经验越丰富、审计客户越重要并且客户关系越稳定时,审计师个体行业专长对企业创新的正向影响越显著。研究结论拓展了审计师行业专长的正外部性研究,对理解企业创新活动有一定的参考价值。
Innovation is a critical driver for firms to achieve high-quality development.Firm’s innovation activities and effectiveness are depended on good information environment of management.This paper studies whether individual auditors have an externality for management’s information environment.Using Chinese all A-share listed firms from 2007 to 2016,we examine the effect of individual-level auditor industry expertise on firm’s innovation by multiple regression analysis.This paper finds that individual-level industry experts are positively associated with client firm’s R&D investments and effective innovation,conducted by improving managements’information environment.In additional analysis,this study suggests that the relationship will be more profound when specialist tenures of industry expertise auditors are longer and when audit clients are more important and client relationships are more stable.This study contributes to researches on the positive externality of auditor industry specialization and provides a valuable reference to understand firm’s innovation activities.
作者
李姝
杜亚光
张晓哲
Li Shu;Du Yaguang;Zhang Xiaozhe
出处
《审计研究》
CSSCI
北大核心
2021年第1期106-115,共10页
Auditing Research
基金
国家社会科学基金重点项目(项目批准号:20AGL012)的资助
关键词
审计师个体行业专长
信息环境
有效创新
individual-level auditor industry expertise
information environment
effective innovation
作者简介
李姝,电子信箱:lishu999@126.com;通讯作者:杜亚光,电子信箱:410520816@qq.com;张晓哲,电子信箱:ajjer0416@gmail.com。
