上市公司战略差异度、高质量审计与年报披露及时性  

Listed Company's Strategic Diff erence, High-Quality Audit and the Timeliness of Annual Report Disclosure

作　　者：刘圻[1] 罗忠莲[1] LIU Qi;LUO Zhong-lian

机构地区：[1]中南财经政法大学会计学院,武汉430073

出　　处：《财务研究》2018年第5期40-54,共15页Finance Research

摘　　要：本文以2007～2016年沪深A股上市公司为样本,理论分析和实证检验了战略差异度对年报披露及时性的影响,并考察了高质量审计对两者关系的调节作用。研究发现,战略差异度对年报披露及时性产生了显著的负向影响,而高质量的审计能够显著抑制这种负向影响。本文研究结论有利于促进外部投资者等利益相关者深入理解年报披露不及时的成因,为监管机构强化对战略定位偏离行业常规战略模式的上市公司进行年报披露监管提供了重要启示。This paper takes the 2007-2016 Shanghai and Shenzhen A-share listed companies as an empirical sample, theoretically analyzes and empirically tests the influence of strategic difference on the timeliness of annual report disclosure and examines the moderating effect of high-quality audit on the relationship between them. The study finds that the degree of strategic difference has a significant negative impact on the timeliness of annual report disclosure. Highquality audit as an external supervision and governance mechanism can significantly inhibit this negative effect. The conclusions of the study are conducive to promoting the external investors and other stakeholders to deeply understand the reasons for the untimely disclosure of annual reports. It provides important implications for the annual report disclosure supervision.

关 键 词：战略差异度 高质量审计 年报披露及时性 

分 类 号：F234.4[经济管理—会计学]