会计联合监管与上市公司会计信息质量——基于财政部监管局与证监局联合监管的研究  

Joint Accounting Supervision and Accounting Information Quality of Listed Companies:A Study on Joint Supervision by the Bureaus of the Ministry of Finance and Securities Regulatory Commission

作　　者：杨凡 YANG Fan(Business School,Shandong University,Weihai 264209,China)

机构地区：[1]山东大学商学院,山东威海264209

出　　处：《中南财经政法大学学报》2025年第1期16-27,共12页Journal of Zhongnan University of Economics and Law

基　　金：教育部人文社会科学研究青年基金项目“数据要素赋能企业创新的作用机理及效应测度研究”(24YJC630264);教育部人文社会科学研究青年基金项目“企业绿色创新的资本市场溢酬及其形成机制研究——基于二元合法性视角”(22YJC630014);山东省自然科学基金青年项目“数据要素赋能数字技术创新的效应测度及作用机制研究”(ZR2024QG161);山东省重点研发计划(软科学项目)青年项目“基于数字化韧性的山东省制造业企业绿色创新质量提升路径研究”(2024RKY0303)。

摘　　要：横向协同的联合监管作为一项监管机制创新,对提升监督效能具有重要意义。本文以2015—2021年A股上市公司为研究对象,基于财政部监管局与证监局建立会计联合监管工作机制的准自然实验,检验一线监管机构实施联合监管的初步效果。研究发现:财政部监管局与证监局建立联合监管工作机制后,辖区内上市公司的会计信息质量显著提升。这一监管效果主要是通过提高财务报告监管效率、减少财务报告内部控制缺陷实现的。在公司业务复杂度较高、深陷会计舞弊传闻、监管部门信息化水平较高时,会计联合监管的会计信息治理成效更显著。会计联合监管还有助于提高股票流动性和降低股价同步性,优化资本市场信息效率。本文的研究发现对推进会计监管机制创新,促进资本市场健康发展具有一定的参考价值。Horizontal joint supervision,as an innovative regulatory mechanism,holds significant importance for enhancing supervisory efficiency.Based on Chinese A-share listed companies from 2015 to 2021,using the quasi-natural experimental environment where the bureaus of the Ministry of Finance and Securities Regulatory Commission establish joint accounting supervision mechanism,this paper investigates the impact of front-line joint supervision.The results indicate that following the implementation of the joint supervision mechanism by the aforementioned bureaus,the quality of accounting information of listed companies has improved significantly.This effect is primarily attributed to increased efficiency in financial reporting oversight and a reduction in internal control deficiencies related to financial reporting.When companies are engaged in complex operations,embroiled in allegations of accounting fraud,or possess advanced levels of supervisory informatization,the effect of joint accounting supervision on accounting information quality becomes more pronounced.Furthermore,joint accounting supervision contributes to enhancing stock liquidity and decreasing stock price synchronicity,thereby optimizing the information efficiency of the capital market.This research offers valuable insights for advancing innovations in accounting supervision and fostering the stable and healthy development of the capital market.

关 键 词：联合监管 会计信息质量 监管效率 内部控制 

分 类 号：F234.4[经济管理—会计学]