法律环境、政治治理与审计收费  

Legal Environment,Political Governance and Audit Fees

作　　者：程博[1] 王菁[2] 

机构地区：[1]上海财经大学会计学院,上海200433 [2]上海财经大学国际工商管理学院,上海200433

出　　处：《经济管理》2014年第2期88-99,共12页Business and Management Journal ( BMJ )

基　　金：教育部人文社会科学研究青年基金项目"企业家能力和行为偏差对企业投资决策影响机理研究(11YJC630031);浙江省自然科学基金"基于企业家能力视角的企业投资行为研究"(Y6110042)

摘　　要：本文以2006～2012年A股上市公司为样本，考察了公司政治治理（党委书记参与公司治理）对公司审计费用的影响，以及这种影响如何因法律环境的不同而发生改变。通过分析党委书记参与公司治理这一政治治理机制，本文提出两个竞争性的假设：市场压力假设和有效监督假设。研究发现，总体上，党委书记参与公司治理程度越高，公司承担的审计费用越多，但是，随着公司所在地区法律环境的改善，公司政治治理对审计收费的正面影响有所减弱，实证结果支持市场压力假设。研究结果表明，对中国新兴加转轨的特殊制度背景而言，公司政治治理（尤其是党委书记兼任董事长或总经理）这一制度安排导致内部代理冲突，降低了内部公司治理作用的发挥，从而使得公司迫于市场压力有动机寻求高质量的外部审计作为替代。本文的研究一定程度上丰富了嵌于企业政治行为的公司治理理论，其研究结果为政府监管部门、上市公司治理及企业党建工作的开展等方面提供有益参考。Political governance exerts important influence in social economic activity, which have attracted long and widely attention. Researchers argue that institutional arrangement which party secretary and party organization participate in corporate governance affects corporate strategy in China. On the one hand, party secretary and party organization by facilitating monitoring of firms＇ activities and, thereby, reduce agency costs and the need for the high- quality external audit of company. On the other hand, it may difficult to establish balance Structure under this insti- tutional arrangement, and aggravate the agency conflict. Corporate under the pressure from the market （investors, regulators and other stakeholders） seek high-quality external audit to help contain the agency problem. This motivates us to examine the relationship between legal environment, political governance and audit fees. Does politics governance affect audit fees？ The relationship between political governance and audit fees how to vary due to the legal environment changes.9 There are no literature reports so far. By analysis the data of the listed companies in China from 2006 to 2012 ,we theoretically and empirically ex- amine the effect of institutional arrangement which party secretary and party organization participate in corporate governance on audit fees and the moderation effect of legal environment. We propose two competing hypotheses by examining whether political governance mitigate or exacerbate corporate audits fees. Hypothesis la, political govern- ance is positively related to a firm＇s audit fees. Hypothesis 1 b, political governance is negative related to a firm＇s au- dit fees. Our results show that firms covered by political governance experience higher corporate audits fees. The evi- dence is consistent with the hypothesis 1 a that political governance lead to internal agency conflicts, reducing the in- ternal corporate governance monitor role, force corporate seeking high-quality external monitor to reduce agency

关 键 词：审计收费 法律环境 企业政治行为 党委书记 政治治理 

分 类 号：F271[经济管理—企业管理]