摘要
本文以1999至2004年深沪两市所有的A股上市公司作为研究样本,借鉴Wurgler(2000)的研究,通过构建证券市场资源配置效率模型,考察了独立审计特别是高质量的独立审计对我国证券市场资源配置效率的影响。研究发现,在控制了股票市场的流动性和规模后,行业的独立审计需求和审计意见对证券市场资源配置的效率产生了显著影响;行业高质量的审计服务所占的比重越大,行业资源配置效率越高;行业非标准的审计意见数量越多,行业的资源配置效率越低。
Based on 1999 to 2004 all listed companies in Shanghai and Shenzhen stock market as sample, this article studies the influence of external auditing especially highly external auditing on the securities market＇s resources allocation efficiency through building a securities market＇s resources allocation model. We found, there is a significant effect of an industry＇s demand for external auditing and audit opinions on resources allocation. The higher of an industry＇s demand for external especially highly external auditing, the higher of its resources allocation. In addition, the more modified audit opinions received of an industry, the lower of its resources allocation.
出处
《审计研究》
CSSCI
北大核心
2008年第6期49-58,共10页
Auditing Research
基金
国家社科基金"投资者保护
公司治理与我国证券市场资源配置效率"(批准号07BJY027)的阶段性成果
关键词
独立审计
资源配置
效率
external auditing, resources allocation, efficiency
作者简介
电子信箱：zzs2001@126．com
