共享审计师对供应商企业债务融资成本的 影响研究  

Research on the Effect of Shared Auditors on Supplier Financing Costs

作　　者：黄珺[1] 杨颖灵 李云 谢佩君[1] 崔本廷 HUANG Jun;YANG Ying-ling;LI Yun;XIE Pei-jun;CUI Ben-ting(Business School of Hunan University,Changsha Hunan 410082)

机构地区：[1]湖南大学工商管理学院,湖南长沙410082

出　　处：《湖南财政经济学院学报》2022年第6期57-65,共9页Journal of Hunan University of Finance and Economics

基　　金：湖南省教育厅创新平台开放基金项目“共同审计师对供应商企业股价崩盘风险的影响研究”(项目编号:19K021)。

摘　　要：供给侧改革以来,我国实体经济发展显著,但融资成本高仍然是影响企业发展的一个重要因素。在供应商企业的融资过程中,债权人对于其财务报告的披露和内部控制情况的掌握影响了供应商企业的融资成本。选取2008-2018年沪、深证券交易所A股上市公司作为研究对象,探究主要客户共享审计师对其债务融资过程的影响。研究发现与主要客户共享审计师能够显著降低供应商企业的债务融资成本,且这一关系在国有企业、当年由非国际四大会计师事务所审计的供应商企业中更加显著。研究结论对于供应链中供应商企业的审计师选择及资本市场上债权人的信贷决策具有一定的启示意义。Since the supply side reform,China’s real economy has developed significantly,but the high cost of financing is stiuan important factor affecting the development of enterprises.In the financing process of supplier enterprises,the disclosure of financial reports and the mastery of internal control by creditors affect the financing costs.This paper selectes 2008-2018 Shanghai and Shenzhen Stock Exchange A-share listed companies as the research object,and examined the impact of sharing auditors with major customers on the cost of debt financing of supplier companies.This paper finds that sharing auditors with major customers could significantly reduce the cost of debt financing of supplier companies,and this relationship is even more significant among state-owned enterprises and supplier companies audited by non-international big four accounting firms that year.The research conclusion of this paper has some significance for the selection of auditors in the supplier chain of the supply chain and the credit decision of creditors in the capital market.

关 键 词：共享审计师 供应链 债务融资成本 审计质量 产权性质 

分 类 号：F274[经济管理—企业管理]