供应链共享审计师的影子银行治理效应研究  

A Study on Shadow Banking Governance Effects of Shared Auditors in Supply Chains

作　　者：李世辉[1] 王诗丽 殷敬伟 Li Shihui;Wang Shili;Yin Jingwei

机构地区：[1]中南大学商学院,410083

出　　处：《审计研究》2024年第6期119-132,共14页Auditing Research

基　　金：国家自然科学基金面上项目(项目批准号:72272154);湖南省自然科学基金项目(项目批准号:2024JJ16)的资助。

摘　　要：非金融企业影子银行化已经成为制约我国经济高质量发展的一大阻碍,供应链共享审计师或许可以为约束影子银行规模扩张提供一个崭新思路。本研究以2009-2021年沪深A股上市公司为样本,考察了供应链共享审计师对非金融企业影子银行化的影响。研究发现,供应链共享审计师抑制了非金融企业影子银行化。机制检验发现,供应链共享审计师通过强化企业间的长久战略合作意愿以及提高经营风险对影子银行投资规模的敏感性这两个机制发挥其对非金融企业影子银行化的抑制作用。异质性检验发现,在影子银行化潜在成本较高、企业所处信息环境较差、审计师行业专长更强以及审计客户重要性较低的情况下,供应链共享审计师对非金融企业影子银行化的抑制作用更为明显。研究结果从共享审计师角度丰富了影子银行治理路径的研究,为强化审计功能、防范非金融企业脱实向虚具有启示意义。Shadow banking of non-financial enterprises has become a major obstacle that restricts the highquality development of China's economy, and shared auditors in the supply chain may provide a brand-new idea for restraining the expansion of shadow banking. This paper examines the impact of supply chain shared auditors on shadow banking of non-financial firms with a sample of A-share listed companies in Shanghai and Shenzhen from 2009 to 2021. It is found that supply chain shared auditors inhibit shadow banking of non-financial firms.The mechanism test finds that supply chain shared auditors exert their inhibitory effect on shadow banking of nonfinancial firms through two mechanisms, i.e. strengthening the willingness of long-lasting strategic cooperation among firms and increasing the sensitivity of operational risk concerning the size of shadow banking investment.Heterogeneity tests find that the supply chain shared auditor's inhibitory effect on nonfinancial firms' shadow banking is more pronounced when the potential cost of shadow banking is higher, the information environment in which the firms are located is worse, the auditor's industry expertise is stronger, and the importance of the audit client is lower. The findings enrich the research on the governance path of shadow banking from the perspective of shared auditors, which is instructive for strengthening the audit function and preventing non-financial firms from being diverted out of the real economy.

关 键 词：共享审计师 供应链治理 非金融企业影子银行化 

分 类 号：F832.51[经济管理—金融学] F274F239.4