诉讼风险如何影响事务所低价揽客经济后果?——来自公司盈余管理的经验证据  

How Does Litigation Risk Affect the Economic Consequences of Low-Balling?Evidence from Corporate Earnings Management

作　　者：李万福[1] 田二霞 赵青扬 秦秀[1] LI Wanfu;TIAN Erxia;ZHAO Qingyang;QIN Xiu(School of Accounting, Nanjing University of Finance & Economics, Nanjing 210023, China;School of Accounting, Dongbei University of Finance & Economics, Dalian 116025, China)

机构地区：[1]南京财经大学会计学院,江苏南京210023 [2]东北财经大学会计学院,辽宁大连116025

出　　处：《审计与经济研究》2020年第6期29-40,共12页Journal of Audit & Economics

基　　金：国家自然科学基金项目(71828201、71872078、71872046、71572038、71472047);江苏省“333高层次人才培养工程”项目;江苏省“青蓝工程”项目;江苏省研究生教育教学改革课题(JGLX19073)。

摘　　要：近年来,会计师事务所低价揽客行为频发,其经济后果受到广泛关注。在此背景下,基于诉讼风险视角,实证检验事务所低价揽客行为对企业盈余管理的影响。研究发现,存在低价揽客行为的事务所审计的客户公司有着更高程度的盈余管理,但这种关系主要由非十大所的低价揽客行为所驱动;当诉讼风险增加时,事务所低价揽客与公司盈余管理之间的正向关系有所减弱,诉讼风险的这种调节作用主要存在于非十大所审计的企业以及进行正向盈余管理的企业中。这些结果表明,与大所相比,小所的低价揽客行为在加剧企业盈余管理方面产生的经济后果更为严重,而较高的诉讼风险可缓解这一行为带来的不良后果。因此,抑制企业盈余管理,应有针对性地规范小所的审计定价行为,加大其低价揽客行为的诉讼成本。In recent years,low-balling behavior of audit firms has occurred frequently.Its economic consequences have drawn an extensive attention.From the perspective of litigation risk,this paper empirically examines the impact of low-balling behavior of audit firms on corporate earnings management.We find that,companies audited by audit firms with low-balling behavior have higher earnings management,and this relation is mainly driven by the non-top ten audit firms.When the litigation risk increases,the positive correlation between low-balling and corporate earnings management weakens.This moderating effect of the litigation risk mainly exists in firms audited by the non-top ten audit firms and firms with positive earnings management.These results show that,compared with large audit firms,low-balling behavior of small audit firms has more serious economic consequences in aggravating corporate earnings management,and high litigation risk can alleviate the adverse consequences of this behavior.Therefore,to restrain corporate earnings management,the audit pricing behavior of small audit firms should be regulated in a targeted manner,and the litigation costs of low-balling behavior should be increased.

关 键 词：诉讼风险 低价揽客 盈余管理 公司治理 审计定价 事务所规模 审计监督 

分 类 号：F239.43[经济管理—会计学]