会计师事务所特征与公司并购绩效反应——来自中国上市公司的经验证据  

How to Recruit the Matching Accounting Firm in the Merger &Acquisition:Empirical Evidence from Chinese Listed Companies

作　　者：李彬[1] 潘爱玲[1] 

机构地区：[1]山东大学管理学院,山东济南250100

出　　处：《审计与经济研究》2016年第1期46-54,共9页Journal of Audit & Economics

基　　金：国家社会科学基金重大项目(14ZDA051);国家社会科学基金重点项目(14AGL012);国家自然科学基金青年项目(71302091);教育部人文社会科学青年项目(12YJC630083);山东省优秀中青年科学家奖励基金(BS2012SF013)

摘　　要：通过实证检验事务所多维特征视角下的并购绩效反应,结果发现:选聘匹配的事务所能够起到过滤并购风险以提升并购绩效的战略效能。在选聘标准方面,无论是本地并购还是异地并购,区位优势明显的本地事务所绩效提升效果更加显著;关联事务所尤其是目标企业关联事务所依靠信息距离、关系资源等优势改进服务效率;但事务所声誉并非绝对有效的选聘标准,企业更需关注其质控表现。Through the paper, we find that from an over perspective, hiring the matching accounting firm can control the M&A risk and improve the M&A performance effectively. And to be specific, firstly whether the local M&A or cross-regional M&A, the local accounting firms can improve the performance more significantly depended on their obvious location advantage. Sec-ondly, with the potential advantages such as information distance, relationship resources and affective commitment etc, the re-lated accounting firms can provide higher quality services, especially related firms of the target enterprise. Finally, the ac-counting firm’ reputation is not the absolutely effective hiring criteria, and the company need to pay more attention to the ac-counting firm’ practice experience and internal control validity.

关 键 词：会计师事务所特征 公司并购 风险过滤 并购绩效 独立审计 事务所规模 事务所声誉 盈余管理 

分 类 号：F239.43[经济管理—会计学]