摘要
本文具体考察在上市公司存在预算软约束的情况下,我国的会计师事务所在审计定价时如何考虑上市公司的财务风险。研究结果表明:①事务所的审计收费与上市公司的负债比率之间呈显著的正相关关系;②在国有上市公司中,预算软约束程度的增加降低了公司的财务风险,因此审计收费与公司负债比率之间的正相关关系有所减弱;③在金融发展水平比较高的地区,预算软约束程度的减轻提高了公司的财务风险,因此审计收费与公司负债比率之间的正相关关系有所增强。这一研究结果说明,我国的会计师事务所在审计定价时不仅考虑了上市公司的财务风险,而且还会根据公司的预算软约束程度对其财务风险进行相应的调整。
This paper examines how Chinese audit firms price financial risk of listed companies which exist soft budget constraint. The empirical results show that： ①There is significantly positive relationship between audit fees and debt ratio of listed companies; ②In state-owned listed companies, the increase of soft budget constraint reduces financial risk of listed companies, so the positive relationship between audit fees and debt ratio is weakened; ③In areas where the level of financial development is high, the decrease of soft budget constraint enhances financial risk of listed companies, so the positive relationship between audit fees and debt ratio is strengthened. These results demonstrate that, not only financial risk is priced by Chinese audit firms, but also financial risk is adjusted by Chinese audit firms based on the extent of soft budget constraint.
出处
《南开经济研究》
CSSCI
北大核心
2007年第4期139-152,共14页
Nankai Economic Studies
关键词
预算软约束
财务风险
审计收费
Soft Budget Constraint
Financial Risk
Audit Fees
作者简介
江伟，暨南大学会计系（邮编：510632），E-mail：jwxm406@sina．com。
李斌，厦门大学会计系（邮编：361005）E-mail：jenny3207@yahoo.com.cn。
