审计师选择、市场化程度与募集资金投向变更  

Auditor Choice,Marketization and Changing Investment Projects of Raising Money

作　　者：叶若慧[1] 黄翰林[2] 潘晔[2] 

机构地区：[1]中国人民大学商学院,北京100872 [2]云南财经大学财政与经济学院,云南昆明650211

出　　处：《经济问题》2014年第4期81-87,共7页On Economic Problems

基　　金：中国人民大学科学研究基金(中央高校基本科研业务费专项资金资助)项目(14XNH232)

摘　　要：近年来,募集资金投向变更已表现得越来越突出,受到理论界和实务界的广泛关注。选择2001年至2011年我国沪深两市的所有A股上市公司为样本,研究了审计师选择对募资投向变更的影响,并比较不同市场化程度地区之间这种影响的差异,以检验审计师的治理作用。结果发现,审计师选择与募资投向变更负相关,且这种负相关关系会随着市场化程度的提高而增强。结论表明,在市场化程度低的地区,审计师对募资投向变更的治理作用有限,政府部门应该加强管理与监督。In recent years, changing investment project of raising money has played more and more prominent, attention of theory and practice. This paper chooses from 2001 to 2011, all A - share listed companies of China as sample. This paper examines how auditor choice influences changing investment project of raising money, further tests if marketization influences the relationship between auditor choice and changing investment project of raising money. This paper wants to test the governance effect of auditors. The results show that the auditor choice is nega- tively related to changing investment project of raising money, and this negative correlation relationship will increase the improvement of marketization. Study conclusion shows that in low degree of marketization of the region, governance role of the auditor to changing investment projects of raising money is limited, the government depart- ments should strengthen the management and supervision.

关 键 词：审计师选择 市场化程度 募资投向变更 

分 类 号：F239[经济管理—会计学]