党组织参与公司治理会提高会计稳健性吗?——基于A股上市公司的经验证据  

Will Party Organizations’Participation in Corporate Governance Improve Accounting Conservatism?Research Based on Empirical Evidence of A-Share Listed Companies

作　　者：谢获宝[1] 张瑜 XIE Huobao;ZHANG Yu(Economics and Management School,Wuhan University,Wuhan,Hubei 430072,China)

机构地区：[1]武汉大学经济与管理学院,湖北武汉430072

出　　处：《北京工商大学学报（社会科学版）》2023年第2期64-74,共11页JOURNAL OF BEIJING TECHNOLOGY AND BUSINESS UNIVERSITY:SOCIAL SCIENCES

基　　金：国家自然科学基金项目(71072103);教育部人文社会科学研究规划基金项目(19YJA630093)。

摘　　要：坚持党组织参与公司治理是全面推进国家治理体系和治理能力现代化的重要组成部分。基于2007—2019年沪、深A股非金融类上市公司数据,实证检验了党组织参与公司治理对会计稳健性的影响。研究发现,党组织参与公司治理能够提高上市公司的会计稳健性。机制分析表明,党组织参与公司治理通过降低企业代理成本、抑制企业风险承担以及提高信息透明度,进而提高了会计稳健性。进一步研究发现,党组织参与公司治理与会计稳健性的正相关关系,在内部控制质量较低的企业、党的十八大召开后以及市场化进程缓慢的地区更加明显。因此,政府应充分发挥党组织参与公司治理对企业信息透明度的提升效能,助力企业增强风险抗御能力,保障资本市场健康有序发展。Adhering to the participation of Party organizations in corporate governance is an important part of comprehensively promoting the modernization of national governance system and governance capacity.Based on the data of A-share non-financial firms listed on Shanghai Stock Exchange and Shenzhen Stock Exchange from 2007 to 2019,this paper empirically tests the impact of the Party organizations’participation in corporate governance on accounting conservatism.The empirical results show that Party organizations’participation in corporate governance improves accounting conservatism of listed companies.Mechanism analysis shows that Party organizations’participation in corporate governance improves accounting conservatism through reducing corporate agency costs,restraining corporate risk-taking,and improving information transparency.Further research finds that the positive correlation between Party organizations’participation in corporate governance and accounting conservatism is more significant in firms with low-quality internal control and areas with low-level marketization,especially after the 18th CPC National Congress.Therefore,the government should give full play to the role of Party organizations’participation in corporate governance in improving firms’information transparency,so as to enhance firms’risk resistance and guarantee the healthy and orderly development of the capital market.

关 键 词：党组织 公司治理 代理问题 风险管理 信息透明度 会计稳健性 

分 类 号：F235.19[经济管理—会计学]