Does ownership structure matter when CPA deciding types of audit opinions  

作　　者：DONG Nan-yan ZHANG Jun-rui 

机构地区：[1]School of Management, Xi＇an Jiaotong University Xi＇an 710049, China

出　　处：《Journal of Modern Accounting and Auditing》2008年第4期44-48,共5页现代会计与审计（英文版）

摘　　要：Ownership structure is one of the most important and basic corporate governance characteristics. Thus, does the ownership structure of a firm have an effect on the type of audit opinion it receives from CPA？ This paper uses a sample including 1246 non-financial listed companies from China A-share market in 2003. Empirical results show： for listed firms, external auditor＇s propensity to qualify is lower with lower proportion of public shares, or with higher concentration of shares at a marginal significant level. However, the proportions of state-owned shares and institutional shares have no significant effects on audit opinions. A possible explanation is that the ownership structure influences risk awareness and negotiation power of audit firms, influences negotiation power of clients, and then ultimately influences auditors＇ reporting decision and audit opinions. The potential policy implication is： a more dispersed ownership structure and/or a higher proportion of public shares are preferable for higher audit reporting conservatism and audit quality in China.

关 键 词：ownership structure audit opinion logistic regression 

分 类 号：F239.45[经济管理—会计学]