投资者关系管理影响审计师决策吗?——基于A股上市公司投资者关系管理的综合调查  

Can Investor Relations Management Affect Auditor Decisions?——Evidence from the Investor Relations Management Comprehensive Survey of Chinese A Share Listed Firms

作　　者：权小锋[1] 陆正飞[2] 

机构地区：[1]苏州大学东吴商学院,215021 [2]北京大学光华管理学院,100871

出　　处：《会计研究》2016年第2期73-80,96,共8页Accounting Research

基　　金：国家自然科学基金重点项目(71132004);国家自然科学基金青年项目(71302121);教育部人文社会科学研究项目(12YJC630158);财政部"全国会计领军(后备)人才(学术类)培养项目";江苏省"青年社科英才人才项目"的资助

摘　　要：本文利用南京大学联合证监会针对A股上市公司投资者关系管理综合调查获取的特别数据,实证检验和分析了投资者关系管理影响审计师决策(审计意见和审计费用)的效应、机理和调节因素。研究发现,投资者关系管理对审计师出具非标准审计意见的概率产生了显著的负向影响,而对审计费用却没有产生显著影响。进一步的机理分析表明这是由于投资者关系管理虽降低了审计风险,却加大了审计师的工作负荷,造成两者在审计费用的影响效应上相互抵消所致。最后还发现投资者关系管理对审计意见的负向影响在可视性比较低的公司(小公司和低分析师跟踪公司)更加显著。本文研究在理论上扩展了投资者关系管理的研究范式体系,在实践上对指导上市公司开展投资者关系管理活动具有重要的启示价值。Based on special data that achieved from comprehensive survey implemented by Nanjing University and China Securities Regulatory Commission,this paper examined the impact effect and mechanism of investor relations management on auditor decisions.The findings of our study are as follows.Firstly,investor relations management has significant negative effect on the probability of the auditor giving non-standard auditing opinion.However,it doesn't have any effect on the audit fee.Further mechanism analysis indicates that though investor relations management reduces the audit risk,it adds the auditor's workload.Therefore,the effect of both on audit fee cancels out each other.Lastly,comparing to big firms and high analyst tracking firms.Investor relations management has more negative effect on the probability of audit opinion for small firms and low analyst tracking firms.Our study enriches the theory of the research Perspective of investor relations management and Provides guidance for governing investor relations job of listed firms.

关 键 词：投资者关系管理 审计师决策 审计意见 审计费用 公司可视性 

分 类 号：F239.4[经济管理—会计学]