商誉年报问询函的治理效应与溢出效应研究  

The Governance Role and Spillover Effect of Goodwill-related Comment Letters

作　　者：周楷唐[1] 谢宇妍 荣晓东 Kaitang Zhou;Yuyan Xie;Xiaodong Rong

机构地区：[1]武汉大学经济与管理学院 [2]厦门大学管理学院

出　　处：《会计论坛》2022年第2期22-45,共24页Accounting Forum

基　　金：国家自然科学基金青年项目(71902147);教育部人文社会科学研究青年基金项目(19YJC630234)。

摘　　要：本文以2014~2019年A股上市公司为研究样本,研究了商誉年报问询函的治理效应及溢出效应。研究发现,商誉年报问询函能够增加公司下一年度商誉减值的计提。进一步分析发现,相比非商誉主题的年报问询函,商誉年报问询函对公司商誉减值的治理效应更强;商誉年报问询函的治理效应在公司行业竞争度高、财务风险低、审计质量差时更为突出;商誉年报问询函针对商誉减值合理性和充分性的问询均能发挥其治理效应。对溢出效应的研究发现,商誉年报问询函能够增加相同事务所其他未被问询客户商誉减值的计提,表明商誉年报问询函通过事务所产生溢出效应,并且相同审计师和行业领先者能够强化共同事务所的溢出效应。本文首次研究了商誉年报问询函对商誉减值的治理效应与溢出效应,为我国问询函制度的有效性提供了实证证据与理论参考。Based on the policy of comment letters,we study the governance role and spillover effect of goodwill-related comment letters,using the data of China's A-share listed firms between 2014 and 2019.The results show that goodwill-related comment letters can increase companies'goodwill impairment accruals in the following year.Further analysis reveals that the governance role of goodwill-related comment letters on goodwill impairment is stronger than that of non-goodwill comment letters.Besides,the governance role of goodwill-related comment letters was more prominent when the company's industry was more competitive,the financial risk was lower,and the audit quality was worse.Goodwillrelated comment letters address the rationality and adequacy of goodwill impairment,both of which can have a governance effect.The study of the spillover effect found that goodwillrelated comment letters can increase the subsequent goodwill impairment accruals of other unquestioned clients of the same audit offices,indicating that goodwill-related comment letters have a spillover effect through the audit office channel.Besides,the same auditors and industry leaders can strengthen the spillover effect.This paper is the first to examine the impact of goodwill-related comment letters on goodwill impairment,providing empirical evidence and theoretical basis for the effectiveness of China's comment letters system.

关 键 词：商誉年报问询函 商誉减值 治理效应 溢出效应 

分 类 号：F275[经济管理—企业管理] F832.51[经济管理—国民经济]