独立董事非正式层级影响审计师选择吗  

Does the Informal Hierarchy of Independent Directors Affect Auditor’s Choice?

作　　者：马东山 王萃芳 张胜强[1] MA Dong-shan;WANG Cui-fang;ZHANG Sheng-qiang(Liaoning University,Shenyang 110136,China)

机构地区：[1]辽宁大学,辽宁沈阳110136

出　　处：《广东财经大学学报》2020年第3期84-97,共14页Journal of Guangdong University of Finance & Economics

基　　金：辽宁省社会科学规划基金重点项目(L19AGL001)

摘　　要：以2008-2017年A股上市公司为样本,研究独立董事非正式层级对审计师选择决策的影响。研究发现,独立董事非正式层级清晰度越高,其任职企业越倾向于选择高质量审计师,且这一作用在业绩压力大和非国有企业样本中更加显著;进一步基于代理成本的分组检验发现,独立董事非正式层级促进企业选择高质量审计师的影响在代理成本低的企业中显著,在代理成本高的企业中不显著,表明管理层、大股东行为会抑制独立董事非正式层级治理效应的发挥。该研究结果在一定程度上揭示了独立董事团队等级秩序对审计师选择决策的影响,丰富了独立董事行为影响企业决策的相关研究,且为企业改善独立董事结构、促进其选择高质量审计师、完善公司治理提供了经验证据。Based on the sample of A-share listed companies from 2008 to 2017,this paper investigates the impact of the informal hierarchy of independent directors on the auditor’s decisions. It is found that the higher the clarity of the informal hierarchy of independent directors is,the more likely they are to choose high-quality auditors,and this effect is more significant in the sample of enterprises with high performance pressure and non-state-owned enterprises. Furthermore,grouping tests based on agency costs show that the informal hierarchy of independent directors plays a significant role in the enterprises with low agency cost,and not significant in the enterprises with high agency cost,indicating that the behavior of management and major shareholders will inhibit corporate governance of informal hierarchy of independent directors. The results reveal to a certain extent the influence of the hierarchical order of independent directors’ team on the auditor’s choice,enrich the relevant research on the influence of independent directors’ behavior on the enterprise decision-making,and provide empirical evidences for enterprises to improve the structure of independent directors,promote the choice of high-quality auditors and perfect corporate governance.

关 键 词：独立董事 审计师 非正式层级 等级秩序 代理成本 审计师选择 企业决策 

分 类 号：F239.4[经济管理—会计学]