供应链关系企业共享审计能提高其治理效率吗?--来自我国A股市场经验数据  

Can Shared Audits of Supply Chain Relationship Companies Improve Their Governance Efficiency?——Empirical Data from China Stock Exchange

作　　者：刘庆龄[1] 汪惠玉 LIU Qing-ling;WANG Hui-yu(School of Accounting,Anhui University of Finance and Economics,Bengbu 233030,China)

机构地区：[1]安徽财经大学会计学院,安徽蚌埠233030

出　　处：《兰州财经大学学报》2020年第3期82-91,共10页Journal of Lanzhou University of Finance and Economics

基　　金：安徽高校人文社会科学重点项目“我国民营企业员工持股计划的路径取向与经济效应研究”(SK2020A0048)。

摘　　要：高水平的企业治理是企业发展壮大的必要条件。以2013-2018年沪深两市A股非金融类上市公司为例,基于供应链的"知识溢出效应"和委托代理理论,对供应链关系企业共享审计与企业治理效率间的关系进行了检验。研究发现:共享审计能显著提高企业的治理效率,在控制内生性问题后依旧形成了0.76%的治理效率溢价。进一步分组探究发现,当被审计单位为民营企业时,共享审计对其治理效率才能产生积极影响,而在供应链关系中,仅当与下游经销商共享审计才会提高企业治理效率。这启示上市公司可充分利用供应链关系企业共享审计的积极外部治理效应,结合企业特征完善治理结构。High-level corporate governance is a necessary condition for the development and growth of enterprises.Taking non-financial A-share listed companies in Shanghai and Shenzhen stock exchanges from 2013 to 2018 as an example,based on the"knowledge spillover effect"of the supply chain and principal-agent theory,this paper tests the relationship between shared audit and corporate governance efficiency of supply chain-related companies.The study found that shared audit can significantly improve the governance efficiency of enterprises.That produces a 0.76%governance efficiency premium after controlling endogenous problems.Further grouping study found that shared audit can have a positive impact on its governance efficiency if the audited entity is a private enterprise.In terms of the supply chain relationship,the corporate governance efficiency is improved only by sharing audits with downstream partner companies.This suggests that listed companies should make full use of the positive external governance effect of shared audit of supply chain-related companies,and improve the governance structure based on corporate characteristics.

关 键 词：共享审计 企业治理效率 供应链关系 倾向得分匹配(PSM) 

分 类 号：F239.6[经济管理—会计学]