摘要
有效的内部控制制度和高管股权激励能够帮助企业减少外部监督成本,改善经营状况,维持并提升企业价值。本文以2013～2016年A股上市公司为样本,研究了内部控制质量对审计收费的影响,以及高管股权激励在内部控制影响审计收费中的调节作用。结果表明,整体上内部控制质量与审计收费存在显著的负相关关系,内部控制质量越高,审计收费越低。进一步研究表明,该结论仅在小规模企业中成立,在大规模企业中,内部控制质量的提高反而会导致审计收费增加。高管股权激励能够对内部控制质量和审计收费的相关关系起到抑制性调节作用,且该抑制性调节作用在大规模企业中效果更为明显。该结论为内部控制制度和非付现激励机制在公司治理中的有效性提供了新的证据。
Effective internal control system and executive equity incentives can help enterprises reduce external supervision costs,improve operations,and maintain'and enhance corporate value.This paper takes the A-share listed companies from 2013 to 2016 as a sample to study the impact of internal control quality on audit fees and the moderating role of executive equity incentives in the impact of internal control on audit fees.The results show that there is a significant negative correlation between internal control quality and audit fees on the whole --the higher the internal control quality,the lower the audit fees.Further research shows that this conclusion is only valid in small-scale enterprises.In large-scale enterprises,the improvement of internal control quality will increase the audit fees.Executive equity incentives have a moderating function of suppression on the correlation between internal control quality and audit fees,and the moderating function is more obvious in large-scale enterprises. This conclusion provides new evidence for the effectiveness of internal control system and non-cash incentives in corporate governance.
作者
李百兴
王博
卿小权
Li Baixing;Wang Bo;Qing Xiaoquan
出处
《审计研究》
CSSCI
北大核心
2019年第1期91-99,共9页
Auditing Research
基金
国家社会科学基金项目(项目批准号:18BGL077)
关键词
内部控制质量
审计收费
高管股权激励
调节作用
internal control quality
audit fees
executive equity incentives
moderating role
作者简介
李百兴,电子信箱:libaixing@sina.com。
